ABSTRACT
This study aims to look at the causal relationship of the world stock market to the Indonesian stock market (IDX) as the impact of USA and China trade competition after 2017. The variable used in this study is the volume of stock trading from eight stock markets. This study uses the Granger causality test with variable from January 2017 to September 2019 on the stock markets of JPXGY, SPXCY, IDX, ASX, KLE, PSEi, NASDAQ, SSE, LSE, and HSE. The results obtained indicate that there is a causal relationship between the global stock market and the Indonesian stock market where the global stock market has one-way causality to the Indonesian stock market (IDX), namely JPXGY. Whereas the SPXCY, IDX, ASX, KLE, PSEi, NASDAQ, SSE, LSE, and HSE do not have a causal relationship with IDX.
