Asian markets up on weak US$, foreign funds flow into Bursa

The ringgit advanced about 0.2 percent to 3.998 to the dollar, breaking the psychologically significant 4 level

KUALA LUMPUR: The ringgit’s spurt against the US dollar is lifting foreign appetite for local equities as higher crude oil prices and the weakening dollar boosts buying interest in the local stock market.

The demand for emerging market stocks has shot up to a 10-year high as foreign funds have scoured through markets that have benefitted from better global grow prospects and the weaker dollar.