This article investigates returns and volatility linkages among stock markets, including emerging Asian (e.g., India … unexpected shocks. The evidence suggests that both the returns and volatility linkages exist between the emerging Asia and the …, China, Bangladesh, Malaysia, Philippine, and South Korea) stock markets and developed (e.g., United States, United Kingdom …

market level and sector level analyses, examines the sensitivity of Malaysian stock returns to oil price fluctuations over … (FTSE KLCI) market return. Consumer staples and energy sector index returns were also positively affected by oil price …