15.6 The Data

The daily data on equity and currency are supplied by Bloomberg. These are the data watched by investors on a real time basis. Asset allocation and buy/sell recommendations/decisions for fund managers are sometimes based on reports that rely on these data. The return data are calculated from 1975 to 1998 for ten markets and nine currencies against the USD. The ten markets are Singapore (DBS50), Hong Kong (HSI), Malaysia (KLCI), Japan (NKY), Philippines (PCOMP), Indonesia (JCI), South Korea (KOSPI), Thailand (SET), Taiwan (TWSE) and USA (INDU). The nine currencies against USD are SGD, HKD, MYR, JPY, PHP, IDR, KRW, THB and TWD.