The objectives of this research were as follows: 1) To analyze and compare the impacts of the SET Index on capital flow and cost of capital before and after the ASEAN market integration; 2) To identify the relationship between the SET Index and the indices of the ASEAN stock exchanges before and after ASEAN Market Integration; and 3) To find out the relationship between the SET Index and the index of the MSCI World and that of the Tokyo Stock Exchange before and after the ASEAN market integration. The data for the correlation study were the indices ...