“…The co-integration effect between regional markets, still, is largely disregarded. The current analysis looks at literature that validates inconsistent outcomes between regionally integrated markets (Isa, Nasrul, Noh & Mohamed, 2018;Kannan & Jesiah, 2019). Thus, analyzing the degree to which stock markets of three major regional economies, China, India, and Pakistan, move in tandem or in opposition to one another would be intriguing.…”