Using local currency returns, the S&P 500 has the lowest correlation with:
A) Euronext
B) FTSE
C) Nikkei
D) Toronto
E) Shanghai

Question

Quizplus · Accepted Answer

The S&P 500 typically has the lowest correlation with the Shanghai stock market. This is because the Chinese market operates under different economic conditions, regulatory environments, and is influenced by different factors than the U.S. market, leading to differing performance patterns.

Using Local Currency Returns, the S&P 500 Has the Lowest