ABSTRACT
This conclusion presents some closing thoughts on the concepts covered in the preceding chapters of this book. The book investigates equity markets integration among three groups of countries in the Asia-Pacific region: Australia and its major trading partners, ASEAN and Australia and the ASEAN. Granger-causality analysis pinpoints the direction of interaction between equity markets in the short-run. The Australian equity market is linked to the US in the short-run but not in the long-run. This could imply that the Australian equity market overreacts to movements of past prices in the US but this overreaction is corrected over the long-run. In the case of Australia and its major trading partners, the book finds that Australia is not significantly linked with any other market in the long-term and is only significantly linked with the US and the UK in the short-term.
