Asian stock exchanges: Position and development
Asian stock exchanges: Position and development

Summary/Abstract: This paper contains the presentation of performance of main Asian stock markets in recent years. These markets faced many positive and negative events during this period, from euphoria to deep crisis. The reason to analyse the markets is the rising role of Asian economies in the world economy. The research question was whether the stock markets are as strong as economic development of the underlying economies. Several measures were utilized to assess the development of selected markets (market capitalization, number of listed companies, ratio of market capitalization to GDP). Main conclusion coming out of the analysis is that the interdependence between stock prices and economic development was more evident before the beginning of economic crisis in 2007. After that year, Asian economies still reported very dynamic growth, however, it was not translated into the rise of stock prices.

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