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Finance Minister Lim Guan Eng attributed foreign capital outflows from Malaysia's equity market to external factors, including a stronger dollar, higher US Treasury yields above 3%, and trade tensions. Outflows totaled US$253 million in the week ended October 13, lower than in Thailand and Indonesia.
Malaysia's equity outflows since May reached US$3.03 billion.
Capital outflows and currency pressure can weaken the ringgit, which affects the cost of Malaysian palm oil in dollar terms and Malaysia's import costs.
theborneopost.comCameliaOct 18, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
