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Analyzing The Impact of Macroeconomic Factors on Stock Market Performance in Asean-5 Countries

Economics

Analyzing The Impact of Macroeconomic Factors on Stock Market Performance in Asean-5 Countries

D. B. Hassan, R. C. C. Jiun, et al.

This study by Diana Binti Hassan, Ricky Chia Chee Jiun, Assis Kamu, and Ho Chong Mun explores how macroeconomic factors influence stock market indices across five ASEAN nations from 2012 to 2022, including during the COVID-19 pandemic. Discover the intriguing correlations that can guide investment decisions and policymaking!

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Playback language: English
Abstract
This study investigates the impact of macroeconomic factors on stock market indices in five ASEAN countries (Malaysia, Indonesia, Singapore, Thailand, and the Philippines) from 2012 to 2022, including the COVID-19 pandemic period. Using the Generalized Method of Moments (GMM), the study finds a positive correlation between the ASEAN-5 market index and consumer price index (CPI) and industrial production index (IPI), and a negative correlation with interest rates and exchange rates. These findings offer insights for investment decisions and policymaking.
Publisher
INTERNATIONAL JOURNAL OF ACADEMIC RESEARCH IN ECONOMICS AND MANAGEMENT SCIENCES
Published On
Mar 12, 2024
Authors
Diana Binti Hassan, Ricky Chia Chee Jiun, Assis Kamu, Ho Chong Mun
Tags
macroeconomic factors
stock market indices
ASEAN countries
COVID-19 pandemic
investment decisions
Generalized Method of Moments
consumer price index

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