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The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war

The United States and China are strong trading partners of Malaysia, with about 23% of total exports in 2017. Therefore, the trade war pressures since 2018 between the United States and China have affected the Malaysian economy. Thus, this paper aims to analyse the effects of the war on the Malaysia...

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Main Authors: Surantharan, Sarmita, Abdullah, Mimi Hafizah, Fauzi, Muhammad Ashraf, Omar, Mawardi, Bahaludin, Hafizah
Format: Proceeding Paper
Language:English
English
Published: AIP Publishing 2024
Subjects:
QA Mathematics
Online Access:http://irep.iium.edu.my/110337/7/110337_The%20FTSE%20Bursa%20Malaysia%20Emas%20Index%20financial%20networks.pdf
http://irep.iium.edu.my/110337/13/110337_The%20FTSE%20Bursa%20Malaysia%20Emas%20Index%20financial%20networks_SCOPUS.pdf
http://irep.iium.edu.my/110337/
https://pubs.aip.org/aip/acp/article-abstract/2905/1/050001/2932509/The-FTSE-Bursa-Malaysia-emas-index-financial?redirectedFrom=fulltext
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spelling my.iium.irep.1103372024-01-31T06:52:58Z http://irep.iium.edu.my/110337/ The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war Surantharan, Sarmita Abdullah, Mimi Hafizah Fauzi, Muhammad Ashraf Omar, Mawardi Bahaludin, Hafizah QA Mathematics The United States and China are strong trading partners of Malaysia, with about 23% of total exports in 2017. Therefore, the trade war pressures since 2018 between the United States and China have affected the Malaysian economy. Thus, this paper aims to analyse the effects of the war on the Malaysian stock market using a threshold network approach. Then, the networks examine the changes of important stocks before, during and after the trade war in which the periods are taken from 16th March 2017 until 31st May 2021. The important stocks are determined by four standard centrality approaches, namely degree centrality, closeness centrality, betweenness centrality, and eigenvector centrality. This paper uses 240 companies of the FTSE Bursa Malaysia Emas Index to create the Malaysian stock market networks. The results show that Dagang Nexchange Berhad and Jaya Tiasa Holdings Berhad have higher connectivity with other stocks during the turmoil period and after the turmoil period respectively. Besides, Dagang Nexchange Berhad acts as the most important stock according to all centrality measures. The findings of this study give an insight to the government regulators and investors with information regarding the current topological structure of Malaysia's stock market. AIP Publishing 2024-01-05 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/110337/7/110337_The%20FTSE%20Bursa%20Malaysia%20Emas%20Index%20financial%20networks.pdf application/pdf en http://irep.iium.edu.my/110337/13/110337_The%20FTSE%20Bursa%20Malaysia%20Emas%20Index%20financial%20networks_SCOPUS.pdf Surantharan, Sarmita and Abdullah, Mimi Hafizah and Fauzi, Muhammad Ashraf and Omar, Mawardi and Bahaludin, Hafizah (2024) The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war. In: 29th National Symposium on Mathematical Sciences, 7th - 8th September 2022, Nilai, Negeri Sembilan, Malaysia (Virtual Conference). https://pubs.aip.org/aip/acp/article-abstract/2905/1/050001/2932509/The-FTSE-Bursa-Malaysia-emas-index-financial?redirectedFrom=fulltext 10.1063/5.0171655
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic QA Mathematics
spellingShingle QA Mathematics
Surantharan, Sarmita
Abdullah, Mimi Hafizah
Fauzi, Muhammad Ashraf
Omar, Mawardi
Bahaludin, Hafizah
The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war
description The United States and China are strong trading partners of Malaysia, with about 23% of total exports in 2017. Therefore, the trade war pressures since 2018 between the United States and China have affected the Malaysian economy. Thus, this paper aims to analyse the effects of the war on the Malaysian stock market using a threshold network approach. Then, the networks examine the changes of important stocks before, during and after the trade war in which the periods are taken from 16th March 2017 until 31st May 2021. The important stocks are determined by four standard centrality approaches, namely degree centrality, closeness centrality, betweenness centrality, and eigenvector centrality. This paper uses 240 companies of the FTSE Bursa Malaysia Emas Index to create the Malaysian stock market networks. The results show that Dagang Nexchange Berhad and Jaya Tiasa Holdings Berhad have higher connectivity with other stocks during the turmoil period and after the turmoil period respectively. Besides, Dagang Nexchange Berhad acts as the most important stock according to all centrality measures. The findings of this study give an insight to the government regulators and investors with information regarding the current topological structure of Malaysia's stock market.
format Proceeding Paper
author Surantharan, Sarmita
Abdullah, Mimi Hafizah
Fauzi, Muhammad Ashraf
Omar, Mawardi
Bahaludin, Hafizah
author_facet Surantharan, Sarmita
Abdullah, Mimi Hafizah
Fauzi, Muhammad Ashraf
Omar, Mawardi
Bahaludin, Hafizah
author_sort Surantharan, Sarmita
title The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war
title_short The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war
title_full The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war
title_fullStr The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war
title_full_unstemmed The FTSE Bursa Malaysia Emas Index financial networks: a case of US-China trade war
title_sort ftse bursa malaysia emas index financial networks: a case of us-china trade war
publisher AIP Publishing
publishDate 2024
url http://irep.iium.edu.my/110337/7/110337_The%20FTSE%20Bursa%20Malaysia%20Emas%20Index%20financial%20networks.pdf
http://irep.iium.edu.my/110337/13/110337_The%20FTSE%20Bursa%20Malaysia%20Emas%20Index%20financial%20networks_SCOPUS.pdf
http://irep.iium.edu.my/110337/
https://pubs.aip.org/aip/acp/article-abstract/2905/1/050001/2932509/The-FTSE-Bursa-Malaysia-emas-index-financial?redirectedFrom=fulltext
_version_ 1789940155237269504
score 13.211869

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