I think it is possible but I have not done it.
I do not think hyperlinks will actually open the data directly, they will just open the workbook, but don't quote me on that, I only have an older version of excel.
You can however link data in your current workbook, by cutting and pasting the table into another workbook then linking it.
When the data is changed in the main workbook the linked data will update itself.
Alternatively you could use a small macro to open that workbook displaying the table.
It really depends on what you want as an end result.
cheers