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According to the Walls Street Journal, Malaysia is finding itself UNDER THE BOARDWALK, due to the US Dollar . This is their story . Read Below :
Foreign investors sold $5.3 billion of Malaysian stocks and bonds in November, the largest monthly outflow since September 2011, according to ANZ Bank. That is almost a quarter of the $22.1 billion pulled from emerging markets in the region, excluding China.
The bulk of the selling was in Malaysia’s bond market. The $4.5 billion of bonds sold by foreigners in November, in ringgit terms, marks the biggest monthly debt outflow on record, according to ANZ.
Malaysia’s Achilles' heel is the high level of foreign ownership of its government bonds. Foreign money is flighty, a factor that can accelerate a liquidity crunch during times of stress. While the latest rash of selling cut the proportion of foreign ownership to 48% in November from 52% a month earlier, the percentage is still very high for an emerging market.
