Global and Regional Stock Market: Case Study Asia,Amerika, Europe, and Indonesia

  • Lisa Kustina Faculty of Management, Pelita BangsaUniversity, Cikarang
  • Adrianna S Rakhmat Faculty of Management, Pelita BangsaUniversity, Cikarang
  • Kurniawati Faculty of Management, Pelita BangsaUniversity, Cikarang
Keywords: Jakarta Composite Index, NIKKEI 225, Hang Seng, FTSE100, DAX30, Nasdaq Composite Index, Dow Jones Industrial Average (DJIA).


The purpose of this study was to determine how much influence the stock indices in Asia, Europe, and America have on the movement of the Jakarta Composite index in Indonesia, both partially and simultaneously. The stock price index chosen in the Asian region is the Nikkei 225 index and the Hang Seng index, in the European area the Financial Times Stock Exchange 100 index and the Deutscher Aktienindex 30 index, while for the American region the Nasdaq Composite Index and the Dow Jones Industrial Average index. The analytical method used in this research is descriptive analysis with a quantitative approach. The sample used in this study is the closing price from January 2016 -December 2018. The method of multiple linear regression analysis with e-views software. The results of this study indicate that the Nikkei 225 index, Hang Seng, Nasdaq Composite Index, and Dow Jones Industrial Average affect the Jakarta Composite Index (JCI) while the FTSE 100, DAX 30 index does not affect the JCI.