Weekly Fund Flow: Inflation, Tariffs and Regional Divergences

MIDF says most of the indices it tracked closed in the red last week, with 13 out of 20 registering declines. The top three performers were South Korea’s KOSPI (+3.02%), France’s CAC 40 (+2.04%), and Germany’s DAX 40 (+1.55%).

On the other hand, the worst performers were Hong Kong’s Hang Seng (-3.52%), the U.S. Nasdaq (-2.34%) and India’s Sensex (-2.33%).

Weekly fund flow

Foreign investors continued to sell off Asian equities for the second consecutive week, recording a net outflow of -USD1.71b, slightly narrower than the -USD1.94b net sold in the previous week. Among the seven markets monitored, South Korea was the only country to record a net inflow.

Foreign investors extended their relentless selling streak on Bursa Malaysia, marking the twelfth consecutive week of net outflows amounting to -RM502.2m.

Ringgit

The Ringgit appreciated against the US dollar on Friday by +0.06%, closing at RM4.4975. Meanwhile, the price of Brent crude oil grew +4.25% to USD79.76 per barrel, while the crude palm oil price rose +0.53% to RM4,391.00 per tonne.

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