KUALA LUMPUR: Foreign investors flocked to Malaysia in July, spurred by growing signs that the US Federal Reserve (Fed) is nearing the end of its rate tightening cycle, said RAM Ratings.
It noted that both the equity and bond markets saw keener foreign buying activity. The overall foreign inflows into the bond market more than doubled month-on-month (m-o-m) to RM11.3 billion (June: RM5.2 billion) - the largest since June 2020 and the seventh successive month of foreign net purchases.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
