The benchmark FTSE Bursa Malaysia KLCI equity gauge is down 6.8% so far this year.
Global funds have sold more than US$2.1 billion of local stocks on a net basis so far this quarter, according to Bloomberg data.
KUALA LUMPUR:
Foreign investors sold Malaysian stocks for a 29th-straight session today, the longest selling streak since June 2018, amid concerns over the nation’s AI projects as the US seeks to control advanced chip technology transfers.
Global funds have sold more than US$2.1 billion of Malaysian stocks on a net basis so far this quarter, according to data compiled by Bloomberg, the largest quarterly outflow since the second quarter of 2018.
The benchmark FTSE Bursa Malaysia KLCI equity gauge is down 6.8% so far this year.
“Trump’s tariffs have raised concerns that US semiconductor firms’ substantial manufacturing investments in Malaysia could come under threat,” said Jun Rong Yeap, a market strategist at IG Asia.
This “may complicate Malaysia’s ambitions to establish itself as a regional semiconductor hub,” Jun added.
2025-03-26T16:00:00Z
Source Link: freemalaysiatoday