October Sees RM4.8 Billion Fund Outflow In 1st Week
In the first week of October, outflows of RM4.8 billion were recorded due to reduced probability of a further 50bps rate cut by the US Federal Reserve (Fed) following a stronger-than-expected September jobs report, according to Kenanga Investment Bank Bhd (Kenanga Research). Last Friday, US announced strong labour data, which alleviated some recession concerns. According […]