How the mood changes.
Malaysia is now seen as the best growth story among emerging Southeast Asian markets. Year-to-date, foreign investors bought a net $635 million of the country's shares, while pulling money out of Indonesia, Thailand and the Philippines. The FTSE Bursa Malaysia KLCI Index has outperformed its peers with an 8 percent rally this year in dollar terms.
It's a sharp turnaround from a year and a half ago. Back then, investors fled after Bank Negara Malaysia asked foreign lenders to stop "speculative and damaging" trading in the offshore ringgit forwards market.
Credit : Bloomberg Asia
They're buying more Malaysian shares, while pulling money out of Indonesia, Thailand and the Philippines.
Malaysia is now seen as the best growth story among emerging Southeast Asian markets. Year-to-date, foreign investors bought a net $635 million of the country's shares, while pulling money out of Indonesia, Thailand and the Philippines. The FTSE Bursa Malaysia KLCI Index has outperformed its peers with an 8 percent rally this year in dollar terms.
It's a sharp turnaround from a year and a half ago. Back then, investors fled after Bank Negara Malaysia asked foreign lenders to stop "speculative and damaging" trading in the offshore ringgit forwards market.
Credit : Bloomberg Asia