• C.Padma Prabha
• Dr.K.Maran2

Asia is leading digitalization, which promises the world economy to be fundamentally changed. Asian growth faces some fundamental challenges, although the region should be well placed to stay ahead over the next decade and beyond with sustained constructive and sound policy-making. This growth has also brought about dramatic financial-market changes in the Asian region, and stock markets in Asia are no exception. Since 2000, the growth of business on Asian capital markets has led to several national and regional initiatives to promote integration in regional and global capital markets. Taking into account the different dimensions of Asia’s growth and degree of integration, it was important to examine the extent to which Asian markets are integrated with a particular focus on India, China, Japan, Hong Kong and Singapore. The integration of these selected Asian markets was evaluated using the Johansen Cointegration Test and an attempt was made to test the causal relationship using Granger Causality test. The results of the study indicate that these markets have strong long-term integration.

Johansen Cointegration test, Granger Causality test JEL Classification G15,G17

"ASIAN STOCK MARKET INTEGRATION - AN EMPIRICAL APPROACH", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 4, page no.368-374, April-2021, Available :http://www.jetir.org/papers/JETIRES06079.pdf

"ASIAN STOCK MARKET INTEGRATION - AN EMPIRICAL APPROACH", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 4, page no. pp368-374, April-2021, Available at : http://www.jetir.org/papers/JETIRES06079.pdf