Foreign funds dump local equities, large outflow in tech


KUALA LUMPUR: Foreign investors turned net sellers of Bursa Malaysia equities with RM423.5mil of net sales, ending three weeks of foreign inflow.

The selling by offshore funds triggered a slump in the benchmark FBM KLCI last week, which returned to a two-week low after erasing nearly 24 points or 1.5% of its value.

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