Under government support for data centers, foreign investment is returning to Malaysian stocks
(KUALA LUMPUR, 24th) Malaysia's aggressive development of semiconductor and AI data centers has successfully attracted the return of foreign investment.
According to Bloomberg's internal data, in the past 6 years, foreign capital outflows from Malaysian stocks reached RM11.5 billion, and after Prime Minister Anwar vigorously implemented policies related to semiconductors and AI data centers, foreign capital returned to Malaysian stocks this year.
Malaysia's benchmark stock index rose 12%, topping ASEAN, and initial public offerings (IPOs) also rose sharply. Investors believe that if the Prime Minister can further cut subsidies and reduce the fiscal deficit, it will bring more benefits.
Continued inflows of foreign capital reflect investors' growing confidence in Malaysia, believing that Malaysia has begun to improve after experiencing weak growth and frequent leadership changes.
Ennes Zhou (transliteration), head of ASEAN investment at BNP Paribas (transliteration), said, “We have seen a large number of clear policies to guide the country's development direction.”
“We expect that if a number of policies are put in place, the profit growth of Malaysian companies will begin now.”
According to Bloomberg data, foreign investors bought Malaysian stocks net of RM0.1 billion 72.5 million this year, but the stock markets of neighboring countries Indonesia, Thailand, and the Philippines experienced foreign exodus this year. Investors believe technology and data centers will flourish, and are betting $SUNWAY(5211.MY)$ Sunway and $YTLPOWR(6742.MY)$ Yang Zhongli Electric Power will benefit from the data center.
Since the beginning of the year, Sunway's stock price has nearly doubled, and Yang Zhongli Electric Power has also increased 88...

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Poor earnings reports from tech giants triggered a market panic sell-off, leading to a significant decline in US stocks. The S&P 500 and Nasdaq both recorded their biggest one-day declines in a year and a half, falling 2.3% and 3.6%, respectively. This decline caused the S&P 500 to fall below the 50-day EMA for the first time since May, ending the longest record of a single-day decline of more than 2% since 2007. The Dow also fell 500 points, and the small-cap stock index fell 2.1%. The sharp decline in Tesla, Google, and chip stocks further increased downward pressure on the market.
Furthermore, former Federal Reserve officials called for immediate interest rate cuts to cope with the economic slowdown. At the same time, the Bank of Canada announced a 25 basis point cut in interest rates and hinted that interest rates may be cut further in the future. This policy shift reflects increased pressure to ease monetary policies around the world.
Among other market trends, the US Markit manufacturing PMI hit a seven-month low, while the service sector PMI reached a 28-month high, indicating increased differentiation between manufacturing and service industries. Eurozone economic data also showed that manufacturing was weak. In particular, Germany's composite PMI unexpectedly contracted, increasing the risk of a recession.
In the Asian market, despite the general decline in global stock markets, the Shanghai Index returned above 2,900 points. Electricity stocks rose against the market, and Changjiang Electric Power's stock price reached a new high. This shows that against the backdrop of increased global market volatility, some Asian markets have shown some resilience.
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