Author/Authors :
ÇELİK, Tuncay Erciyes Üniversitesi - İzzet Bayraktar Sosyal Bilimler Meslek Yüksekokulu (S B M Y O ), Turkey , BOZTOSUN, Derviş Erciyes Üniversitesi - İzzet Bayraktar Sosyal Bilimler Meslek Yüksekokulu (S B M Y O ), Turkey
Abstract :
In this study, long term relation between Turkish stock market(ISE 100) index and Asian countries stock markets’ indices; Australia (OLL ORDINARIES), China (Shanghai Composite), Hong Kong (Hang Seng), India (BSE 30), Indonesia (Jakarta Composite), Malaysia (KLSE Composite), Japan (Nikkei 225), South Korea (Seoul Composite), Taiwan (Taiwan Weighted), Singapore (Straits Times) is examined. The long term relation between the countries’ stock index values for the period between January 1998 and December 2009 is analysed by Johansen-Juselius Cointegration test. While there exists a significant long term relation between Turkish Stock Exchange and Singapore, Malaysia, Taiwan and South Korea stock exchanges for the period between 1998-2009; there does not exist a significant relation between Turkish Stock Exchange and Japan, China, Hong Kong, India, Australia and Indonesia stock exchanges for the same period.
