Interaction between Stock Markets: An Analysis of the Relation between the U.S. NASDAQ Composite Index and Taiwanese TSE Electronic Sector Index Futures
This paper mainly examines whether there is a high correlation between the returns for NASDAQ Composite Index and TSE Electronic Sector Index Futures. The result indicates that the Taiwan TSE Electronic Sector Index Futures has only a small or even no impact on the performance of NASDAQ Composite Index. However, the impact of the former on the latter is clearly stronger.
