How does NYSE and NASDAQ affect the global market?

roderick: How does NYSE and NASDAQ affect the global market?
and how it affects asian countries with philippines in particular? any info will do. thanks a lot! it’s for our project.

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This stock index was created in July 2006 when the Nasdaq National Market, created in 1984, split into two tiers, the NASDAQ Global Market and the NASDAQ Global Select Market. The change was nominal, as it did not affect listing standards, but rather was meant to reflect the global scope of the index and the companies listed on it. The select index encompasses about a third of the largest companies listed on the Nasdaq.