TY JOUR TI Фондовые биржи стран АТР: взаимозависимость доходности фондовых индексов KW фондовые биржи KW взаимозависимость доходности KW фондовые индексы KW инвесторы KW фондовый рынок KW Азиатско-Тихоокеанский регионA comprehensive study of the development of the Asia-Pacific region is motivated by the significant results demonstrated by countries in this region in recent decades. Investors from all continents are particularly interested in the development of the Asia-Pacific stock market KW which is comprehensively characterized in this article KW including its development history KW key features KW sectoral and country index structure KW and market capitalization dynamics across the region’s exchanges. The objective of this study is to test the hypothesis of mutual influence among Asia-Pacific exchanges and to comparatively analyze the statistical significance of these mutual influences both within the region and with other regions. The study focuses on the exchanges of nineteen Asia-Pacific countries KW and examines the interdependence of exchange returns. The analyzed data on Asia-Pacific index returns meet the stationarity criteria. Based on the statistical analysis conducted in this article KW the results indicate a strong correlation only in 2022 and only between certain stock markets within the Asia-Pacific region. A weak correlation was generally observed both within the Asia-Pacific region and with stock indices in other regions. The results of the correlation analysis for the period 2022–2024 showed that the level of correlation between stock indices decreased both within the Asia-Pacific region and with stock indices in other regions KW reflecting the process of stock market regionalization. The obtained results can be used in investment decision-making by a wide range of actors. In the future KW it would be advisable to conduct a causal study of the identified relationships and to systematize and identify the most significant factors influencing the interdependence of stock index returns. JO Теоретическая экономика AU Володина, А.О. AU Траченко, М.Б. AU Стародубцева, Е.. PY 2026 IS 0 PB Ярославский государственный технический университет