It's all about the Dollar: USD and the Malaysian KLCI
I would argue that since 2014, the Dollar has been the single most important indicator for Malaysia's KLCI, and perhaps for most Emerging Markets.
Note the inverse correlation between the DXY Dollar Index vs KLCI.
With the Dollar finally finding some support and perhaps making a bottom (temporary or longer-term, who knows?), will probably mean a consolidation spell for the KLCI.
Note the inverse correlation between the DXY Dollar Index vs KLCI.
With the Dollar finally finding some support and perhaps making a bottom (temporary or longer-term, who knows?), will probably mean a consolidation spell for the KLCI.
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