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Foreigners Pull Most Cash From Malaysian Stocks Since 2013

  • Foreign investors sold $625 million of stocks last week
  • Local investors more confident than foreigners: Areca’s Wong
Bloomberg business news

Malaysia's Mahathir Returns to Power at 92

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The gains in Malaysian equities since Mahathir Mohamed’s shock election win haven’t stopped an exodus of foreign money from gathering pace -- with this year’s almost $1 billion of overseas inflows into the market at risk of being wiped out.

The nation’s stock market had a volatile start following a three-day holiday for the election, before the benchmark inched up 0.4 percent for the week. But alongside that advance, overseas investors have been taking flight, selling $625 million of stocks last week, Malaysia’s biggest stock outflow since August 2013, according to data from Bursa Malaysia Bhd., the nation’s stock exchange.