Can the US Fear and Greed Index Influence Stock Trading in the Asia Pacific Region now that the Dominance of the US is Declining?

There are conflicting reports concerning the influence of the US stock market on Asian and Pacific markets. On one hand are the news reports concerning the continuing influence of the US stock market and on the other side are reports of the declining influence of the US as the influence of China increases. This change is backed up by recent research. With such conflicting messages, this analysis looks at five stock markets in Asia and the Pacific to understand their relationship with the US. What we find is little consistency in those relationships. The US Fear and Greed Index may contain details across the financial spectrum but apart from 2022 there is no consistent response to this indicator of the US economy. The lack of consistency flows through to the use of the NYSE Composite Index and the S&P 500 Index. Individual indices are responding, not only to the US market, but local economic factors as well, with many economies still recovering from the COVID epidemic, which will impact on their response to the US economy.