# External factors main cause of capital outflows — Lim | Borneo Post Online

> 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.

- Date: 2018-10-18 · published 2018-10-18T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62796-external-factors-main-cause-of-capital-outflows-lim-borneo-post-online
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/10/19/external-factors-main-cause-of-capital-outflows-lim-2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.