News Formal

Malaysia's top funds going for tech stocks amid market slump

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Technology index jumped 26% this year as companies reap a windfall from the US-China trade war. FMTNews KLSE Bursa

The benchmark FTSE Bursa Malaysia KLCI Index is set for the steepest drop since 2008.

That’s even as the benchmark FTSE Bursa Malaysia KLCI Index slumped 7.6%, set for the steepest drop since 2008. In contrast, the smaller cap gauge has rallied 22%. Eastspring Investments expects the tech sector’s “bullish trend” to continue for many more years, said Tung Yin Wai, who helps manage the RM807 million Eastspring Investments Small Cap Fund.

Bank Negara Malaysia estimated an additional US$1.4 billion of goods was exported by Malaysia to the world’s two largest economies from January through August.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks, currencies flat amid US-China tariff jittersHONG KONG: Stocks were little changed on Tuesday (Dec 10), less than a week before the United States is due to impose more tariffs on Chinese goods.
Source: staronline - 🏆 4. / 75 Read more »