Research on the Correlation of the Stock Market of China,America and Europe

In order to analysis the influence of the American and European stock market on Chinese stock market during the subprime crisis and the debt crisis in Europe,the correlation research is carried out between the stock market in China,America and Europe,using the relevant data,and then analysis the long-term equilibrium relationship and short-term fluctuations between them.Research shows that the correlation of the American,European and Chinese stock market is gradually strengthening between the period of two crises.The European and American stock market more impact on opening price than closing price of China's stock market,and the American stock market impact on China's stock market is far greater than the German stock market.