KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
From Aversion to Attraction After years of regulatory crackdowns and property market turmoil, global investors are returning to China. A world-beating US$2.7 trillion equity rally and advances in high-tech industries have made Chinese assets hard to ignore. Goldman Sachs noted hedge funds were the most active in onshore equities in recent years, reversing the “uninvestable” label that haunted China since 2021. Rising Inflows Across Asset Classes Foreigners increased holdings of stocks, bonds, loans, and deposits simultaneously in 1H 2025 — the first such occurrence since 2021. Net inflows through June already surpassed 2024’s total by 60% , according to PBOC data. August also saw continued net foreign purchases of onshore stocks and bonds, reinforcing momentum. In total, global funds remain underweight by 1.3 percentage points , signaling further room for exposure. Tech and AI Drive Sentiment China’s tech sector is the key catalyst : Alibaba ...