Korea
Malaysia
Indon.
Thail.
Philip.
Fig. 3b - Stock market correlation of weekly returns
(Asia vs. Hong Kong and Singapore; 3 exponential month moving average)
1.00
0.75
0.50
0.25
0.00
-0.25
-0.50
-0.75
-1.00
Hong Kong
|
/i Λ∣∖hΛ^ | |
|
_ Γ W j Iiiiiiiiiiiiiiiiiiiiiiiiiiii |
Iiiiiiiiiiii Iiiiiiiiiii Iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiwkiiiiiiiiiiiiiiiiiiiii |
1990 1992 1994 1996 1998
|
1.00 0.75 0.50 0.25 0.00 -0.25 -0.50 -0.75 -1.00 |
J |
h |
v |
r∙ |
ЧП | |||||||
|
7 | ||||||||||||
|
Iiiiiiiiiiiiiiiiiiiiiiiiiiiii |
ми |
≡≡ |
Iiiiiiiiiiiiiiiiiiiiiii |
≡ |
тг |
Iiiiiiiiiiiiiiiiiiiiiii | ||||||
1990 1992 1994 1996 1998
1.00
0.75
0.50
0.25
0.00
-0.25
-0.50
-0.75
-1.00
1.00
0.75
0.50
0.25
0.00
-0.25
-0.50
-0.75
-1.00
1.00
0.75
0.50
0.25
0.00
-0.25
-0.50
-0.75
-1.00
1.00
0.75
0.50
0.25
0.00
-0.25
-0.50
-0.75
-1.00
Singapore
|
A√⅝ |
АлЦ у Л/ |
|
j Wf ∖ J |
Π111TWW1WT1HHIHIIHIHIIIIIIIIIIIIIIHHHIIIIIIIIIIIIIIIIIIIIIIIIIHIIHHIIIHIIIHIHIIIIIIIIIIII
1990 1992 1994 1996 1998
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1990 1992 1994 1996 1998
|
Ада rf |
^fi}∣∖ Zv∖ |
|
1 ʃ W |
г |
1990 1992 1994 1996 1998
|
1.00 - 0.75 - 0.50 - 0.25 - |
J y⅛‰ |
л |
Ai |
S |
А |
й | ||
|
0.00 - -0.25 - -0.50 - -0.75 - -1.00 - |
ДО 11П |
г мм |
1 w^πrτπ |
W |
wιwτππτπτππr |
шт |
Γ^≡ |
∏≡≡ |
1990 1992 1994 1996 1998
1.00
0.75
0.50
0.25
0.00
-0.25
-0.50
-0.75
-1.00
1.00
0.75
0.50
0.25
0.00
-0.25
-0.50
-0.75
-1.00
1.00
0.75
0.50
0.25
0.00
-0.25
-0.50
-0.75
-1.00
7ΠH∏π∏≡≡≡ll IllllIIIIllllhlllllllllinillllllllllllllllllllllllllllllllllllllliniIIIIIH
1990 1992 1994 1996 1998
|
—∙⅛ |
-Λ∏∕χ /УЧ | |
|
1 ’ j Iiiiiiiiiiiiiiiiiiiiiiiiiiiii |
Iiiiiiiiiii Iiiiiiiiiii |
V TiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiMriiiiIIIIii Iiiiiiiiiii |
1990 1992 1994 1996 1998
1990 1992 1994 1996 1998