Characteristics of the Korean stock market correlations

We establish in this study a network structure of the Korean stock market, one of the emerging markets, with its minimum spanning tree through the correlation matrix. Based on this analysis, it is found that the Korean stock market does not form the clusters of the business sectors or of the industry categories. When the MSCI (Morgan Stanley Capital International Inc.) index is exploited, we find that the clusters of the Korean stock market is formed. This finding implicates that the Korean market, in this context, is characteristically different from the mature markets.

• Publication year

  2005

• Venue

  Physica A-statistical Mechanics and Its Applications

• Publication date

  2005-04-01

• Fields of study

  Physics, Business, Economics

• Identifiers
  DOI 10.1016/j.physa.2005.06.081arXiv physics/0504009
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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