The macroeconomic determinants that affect five ASEAN stock market performance / Nurul Atiqah Mohd Noor

Financial crisis in United States (US) has made tremendous impact towards Asean stock market which considered as significant issue for Asean countries. This study will examined the relationship between the macroeconomic determinants of Consumer Price Index (CPI), Crude Oil Prices (COP), Exchange Rate (EXR), Base lending Rate (BLR) and Money Supply (MS) that affect ASEAN five stock market performance. The study was conducted mainly by secondary sources and the data was collected on monthly basis from January 2002 until December 2016 that employs panel data. Results from Random Fixed Effect (REM) found that MS has become the most significant towards Asean stock market which then followed by BLR, CPI and EXR. However, COP shows an insignificant relationship to Asean stock market.