It’s the unknown that the new Malaysia should fear

Hot money: Long-term investors should not be startled by the fact that foreigners have taken money out of Bursa Malaysia for 37 days straight. — Bernama

THE fact that foreigners have taken money out of Bursa Malaysia for 37 days straight is not something that should startle long-term investors. After all, this is hot money and it goes where valuations are cheap.

On this score, Bursa Malaysia is not exactly the cheapest of markets in Asia.