KUALA LUMPUR, Aug 12 — Malaysia was not a benefactor from the recent turbulence on Wall Street sent ripples across global markets, with MIDF Amanah reporting that the country...
Ten countries, 133 days and nearly RM18,000 spent: Here’s how this Malaysian travelled from KL to Istanbul on buses and trainsKUALA LUMPUR, Aug 12 — Malaysia was not a benefactor from the recent turbulence on Wall Street sent ripples across global markets, with MIDF Amanah reporting that the country also saw a significant outflow of foreign investments.
Every trading day saw net selling by foreign investors, with Monday and Thursday experiencing the most significant outflows, amounting to RM336.1 million and RM226.7 million, respectively. Despite the overall bearish sentiment among foreign investors, sectors such telecommunication & media, healthcare, and plantation showed some resilience, but even this was muted.
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