AI Buzz Drives Biggest Flows Into Malaysian Stocks in Two Years
- Foreigners bought $502.9 million of local shares in May
- Microsoft, Nvidia among tech giants investing in the country
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A confluence of tailwinds is helping Malaysian equities outperform the region and the return of foreign funds points to further gains.
Overseas investors have bought $502.9 million of local shares on a net basis in May, putting the market on track for its biggest monthly inflow since March 2022, according to Bloomberg-compiled data. Malaysia is the only country in Southeast Asia to see inflows this month as a budding artificial intelligence sector and political stability lure global money.