1997 crisis in East Asia economic outlook dramatis.Krisis changing
economy also has the effect of transmission (contangion effect). The crisis also
led some countries do exemption limit foreign investment, one of which is
Indonesia. This resulted in the movement (conditions Bullish and Bearish)
Indonesian capital markets are very easily influenced by the movement
(conditions Bullish and Bearish) capital markets in other countries, especially the
USA capital markets,so it is necessary to prove it empirically.
The purpose of this study was to analyze the effect dow jones indexes on
the Indonesia Stock Exchange Composite Index. After analyzing the data
influences the movement of the stock market New York Stock Exchange on the
Indonesia Stock Exchange market movements, using ARIMA methods can be
concluded on the stock price index Dow Jones stock market in the United States,
does not directly affect the stock price index (CSPI) in IDX because the stock
price index is not solely influenced by economic factors as non-economic factors
also possible to influence the capital markets, due to changes in stock market
index in Indonesia besides influenced by foreign capital markets are also
influenced by non-economic conditions. |