Foreign outflow on Bursa Malaysia jumps to RM1.59bil net

KUALA LUMPUR: The outflow of foreign outflows ramped up significantly to RM1.59bil over the last week as global equity markets experienced a sell-off amid confirmation from the Federal Reserve that inflation rates remained too hot to start interest rates cuts.

According to MIDF Research, selling by foreign funds was Bursa Malaysia's highest net outflow since the country was locked down under the movement control order (MCO) in March 2020.