Increased globalization among economies of the world and crisis events has brought amplified interest of academics and investors to the subject of co-movement among the stock markets of the globe. Owing to amplified connection among developed markets, the attraction of South Asian markets as an avenue for potential diversification has augmented considerably. As Investors from developed markets are looking to invest in emerging South Asian markets so there is a need to investigate the linkage between Developed and South Asian markets. This book incorporates the crisis events such as such Asian financial Crisis, US 9/11 Incident and US Global financial crisis and investigates the level of comovement between developed and South Asian markets. Is there a weak integration among South Asian and developed markets? Do South Asian markets provide better chances of international portfolio diversification as compare to developed markets? What effect these crisis have on the level of comovement among South Asian and Developed equity markets? This book is useful to get the answer of these questions.