The Effect of Exchange Rate, Gold Price and Oil Price on Stock Markets

Real effective exchange rates, gold prices, and oil prices influence stock market performance across Malaysia, Thailand, Indonesia, Singapore, and South Korea in distinct ways. The relationships vary significantly across countries and exhibit both long-run and short-run asymmetries, reflecting differences in economic structures and market conditions. Exchange rate movements generally exert the strongest influence, while the impacts of gold and oil prices depend on whether economies are net importers or exporters. Country-specific policy and investment strategies are therefore essential to strengthen resilience against external financial shocks.

Learn More About It Here