The Response of Southeast Asian Stock Markets to Energy Market Dynamics

This study investigates how stock markets in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam respond to energy market dynamics from 2007 to 2023, utilizing mean group and pooled mean group estimators. The findings indicate that Southeast Asian stock markets react to fluctuations in energy markets both in the short and long term. Based on these results, it is recommended that policymakers closely monitor energy markets to better anticipate changes in Southeast Asian stock markets.