Jan 28 2021, 07:14 PM
QUOTE(billyboy @ Jan 28 2021, 05:55 PM)
Many foreigners owned Msian shares.
1. Foreign Funds borrow Msian shares off-shore.
2. Sells the Msian shares on KLSE (now Bursa).
3. Obtains RM, and remits it off-shore.
imagine the cycle in larger and larger quantity.
throw some articles on Financial Times / Bloomber on Msia
a) capital account deficit (due to huge conversion of RM to USD) [refer 3],
b) stockmarket dropping [refer 2]
after everything crash, buy everything back at dirt cheap price
KLCI Index Sep 1998 at 267.
Ah, i remember when uncle, aunties and everyone would stay at klse office to watch d bull run1. Foreign Funds borrow Msian shares off-shore.
2. Sells the Msian shares on KLSE (now Bursa).
3. Obtains RM, and remits it off-shore.
imagine the cycle in larger and larger quantity.
throw some articles on Financial Times / Bloomber on Msia
a) capital account deficit (due to huge conversion of RM to USD) [refer 3],
b) stockmarket dropping [refer 2]
after everything crash, buy everything back at dirt cheap price
KLCI Index Sep 1998 at 267.
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