Saturday 20 Apr 2024
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The acceleration in the ouflow of foreign funds from the region, including Malaysia, has made investors jittery for the second time this year. Last week, the FBM KLCI dipped below the 1,700 points psychological level while the ringgit breached the 4.00 level against the greenback.

However, it is worth noting that ringgit is still one of the best performing currencies in Asia over the last six months. To be sure, the market decline, blamed largely on foreign selling, is not isolated to Malaysia. Regional stock markets too have taken a beating recently, with China taking the worst of it as escalating trade tensions between it and the US weigh heavily on investor sentiment.

Another factor spooking investors is the fear of a full-blown trade war between the US and China, the world’s two biggest economies, and how it could impact the region. This results in

The Edge Weekly talks to the experts on the four factors that are moving the ringgit and the direction of the stock market.

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