Which Asian stock market index has the highest correlation with cryptocurrency prices?

3 answers

• Dec 27, 2021 · 3 years ago
  The Hang Seng Index (HSI) in Hong Kong has been found to have a high correlation with cryptocurrency prices. This is mainly due to the fact that Hong Kong is a major financial hub in Asia and has a significant influence on the cryptocurrency market. The HSI reflects the performance of the Hong Kong stock market, and its movements often coincide with changes in cryptocurrency prices. Therefore, if you're looking for an Asian stock market index that closely follows cryptocurrency prices, the HSI is a good choice.
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• Dec 27, 2021 · 3 years ago
  When it comes to the correlation between cryptocurrency prices and Asian stock market indexes, the Nikkei 225 in Japan stands out. Japan has been a pioneer in adopting cryptocurrencies and has a large number of cryptocurrency exchanges. As a result, the Nikkei 225, which represents the performance of the Tokyo Stock Exchange, often reflects the sentiment and trends in the cryptocurrency market. If you're interested in tracking the correlation between cryptocurrencies and an Asian stock market index, the Nikkei 225 is worth keeping an eye on.
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• Dec 27, 2021 · 3 years ago
  According to a recent study, the BSE Sensex in India has shown a strong correlation with cryptocurrency prices. India has a rapidly growing cryptocurrency market, and the BSE Sensex, which represents the performance of the Bombay Stock Exchange, has been found to move in sync with cryptocurrency prices. This correlation can be attributed to the increasing interest and participation of Indian investors in cryptocurrencies. If you're looking for an Asian stock market index that closely correlates with cryptocurrency prices, the BSE Sensex is a good candidate.
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