Malaysia and Thailand, as of October 24, 2024, have become partners of the BRICS and intend to apply for membership.
Additionally, on January 6, 2025, Indonesia became the first BRICS member country in the Southeast Asia region, expanding the BRICS countries to ten countries.
"BRICS countries" are gradually growing into an economic force that can shake the financial hegemony of the West.
Recently, Chinese A-share investors have been wailing, with many stocks continuously hitting the limit down. It is rumored that a large amount of foreign capital is also withdrawing from the Mainland and Hong Kong stock markets. With the tariff policy implemented by the new US President Trump, bearish on the Chinese market, and the future US policy encouraging local companies to bring production bases back to the USA, it also means that starting from 2025, the global economic cake will be divided into two, creating a binary opposition.
On one hand, led by Europe and the USA, there is Western capitalism, while on the other hand, led by China and Russia, there are the BRICS countries.
The recent exodus of foreign capital from the Malaysian stock market may be due to siding with the BRICS countries.
In addition, the booming US stock market, Bitcoin, and the strong US dollar have also attracted global hot money pouring into US stocks, fueling an extremely crazy bubble.
Especially in China, the huge number of stock investors are losing money in A-shares, while witnessing the continuous rise of US Stocks, the bad habit of chasing high and selling low will inevitably drive Chinese investors to find a way to enter the US Stock market. By then, Chinese investors will become the 'leeks' harvested by Western capital.
The current US Stock market is like a huge hunting net, setting up bait and waiting for the Eastern dragon to fall into the trap.