| Summary: | 碩士 === 嶺東科技大學 === 高階主管企管碩士在職專班 === 105 === This article examines the impact of the S & P 500 stock index on the NIE-4 stock market. After study of the 2008 financial crisis, the S & P 500 index analyzes the market risk-return rate of NIE-4 (Taiwan, Hong Kong, Singapore and South Korea)’s stock market for decision-making reference.
The data was collected from January 01, 2010 to December 02, 2016. The study adopted the GARCH Model to investigate the impact of the US S&P Index volatility on the Asian Stock Markets and the volatility of each country. The empirical results indicated the eve return of US S&P Index had significant positive influence on the NIE-4’ Stock Market: Hong Kong (0.476), South Korea (0.386), Taiwan (0.384) and Singapore (0.292) respectively.
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