This paper examines stock market integration between the ASEAN five and the US and China, respectively, over the period … analysis is carried out for the weekly series to study the impact of the 2007-8 global financial crisis and the 2015 China … stock market crash on the pattern of stock market co-movement. The main findings are the following. All stock indices …

. Furthermore, the decomposition of aggregate BC comovement shows that the increase in trade with China has contributed the most to … the link between trade linkages and the comovement of international business cycles (BC) using Korean industry … larger positive GDP growth comovement, while higher import linkages lead to higher negative employment growth comovement …