AFTER the Philippines Stock Exchange Index, which is down 8.2% year-to-date, the FTSE Bursa Malaysia KLCI (FBM KLCI) is now the second worst-performing index in Asia this year with a year-to-date decline of 7.7%.
For foreign investors, who are likely using the US dollar as their base currency investing in the Malaysian bourse, their year-to-date return in dollar terms is even larger at negative 12.9%, as the Ringgit is down by 5.2% so far this year.
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