Asian indexes return to stronger correlation

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Source: Dukascopy Bank
© Dukascopy Bank
The correlation between two dominating Asian market indexes Nikkei 225 (NKY) and Hang Seng (HI) recovered on January 16, as coefficient jumped to 0.48, after both indexes sharply fell. The link between Japanese benchmark and Shanghai Composite (SHCOMP) also retreated from negative area and reached 0.01. The correlation between Nikkei 225 and USD/JPY currency pair jumped from minus 0.3 to minus 0.1. The relationship between Nikkei 225 and Nasdaq Composite (CCMP) strengthened into negative territory at 0.3.

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