Analysts, although initially confounded by the sudden downward move in these technology stocks, said it was not such a surprising thing after all in hindsight. However, they were not so sure if the correction would sustain itself in the coming days or if it would be a buying opportunity.
KUALA LUMPUR: After four weeks of meandering, foreign funds took a breather in Malaysia as ratcheting political tensions hurt their risk appetite, according to MIDF Research.
The research house said that for the week ended Aug 11, 2017, the net amount sold off by foreign investors was RM63.1mil, based on transactions in the open market which excluded off market deals.
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