$USD/MYR (USDMYR.FX)$ The third nine turns completed, the Malaysian ringgit should fall tomorrow 😂

Another major international investment bank is bullish on the prospects of the Chinese stock market. Japan's Nomura Securities believes that investors should reduce their holdings of Chinese stocks and instead invest in Malaysian and Indonesian stocks.
According to analysts from Nomura Securities, including Chettan Setti and others, in a recent report, Malaysian and Indonesian stock markets are expected to benefit from the trend of accelerated rate cuts in the United States, one of the reasons for upgrading the stock market ratings of both countries from "neutral" to "buy."
Nomura Securities has also downgraded the rating of the MSCI China Index from "buy" to "neutral."
"Now is the time to make a major move into the ASEAN stock market. With the Federal Reserve about to cut interest rates and investors reigniting their interest in emerging markets, investing in the Indonesian stock market may be the best bet."
Last week, Federal Reserve Chairman Powell has issued a clear signal of interest rate cuts starting in September.
Bloomberg pointed out that before Nomura Securities raised its ratings on Malaysia's and Indonesia's stock markets, foreign capital had shown increased interest in the two countries' stock markets, with two consecutive months of inflow of foreign capital.
"Investors have good reasons to take Nomura Securities' comments seriously. In December last year, they upgraded the Taiwan stock market, and the Taiwan Weighted Index has risen by 25% this year, while the MSCI Asia Pacific Index has increased by 9.8% during the same period."
Before Nomura Securities, many internationally renowned investment banks or financial media, including JP Morgan Chase, Goldman Sachs, and Forbes, had already turned optimistic about the Malaysian market outlook.
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