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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
