A study on the effect of oil prices to the emerging stock market in East Asia and Pacific Countries (Malaysia, Indonesia, Philippine and Korea)

The objective of these studies is to investigate the effect of oil prices to the emerging stock market in East Asia and Pacific which are Malaysia, Indonesia, Philippine and Korea.The data collected from DataStream which are Kuala Lumpur Composite Index, Jakarta Composite Index, Philippine Composite Index and Korea Composite Index from 20th June 2007 until 20th June 2012. The data of oil price also was collected using the DataStream for the five years period from 20th June 2007 until 20th June 2012. From the finding and analysis result in this Single Linear Regression model, these studies concluded that is significant relationship between the oil price index with the Malaysia Stock Market, Indonesia Stock Market, Philippine Stock Market and Korea Stock Market. All the dependent variables have a positive relationship with the independent variable. Malaysia Stock Market, Indonesia Stock Market, Philippine Stock Market and Korea Stock Market have a positive relationship with the oil price index.