Before revision:  The experimental results show notably high hit ratios in predicting the movements of the individual constituents in the KOSPI and HSI. The results also varify theco-movement effect between the Korean (Hong Kong) stock market and the American stock market .
After revision:  The experimental results show notably high hit ratios in predicting the movements of the individual constituents in the KOSPI and co-movement effect between the Korean (Hong Kong) stock market and the American stock market .