Net outflow in the equity market is reflected in the stock market and the weaker ringgit. Inter-Pacific Research Sdn Bhd head of research Pong Teng Siew expects the market to head downwards with more volatility setting in. I’m hoping for the best, but the outcome could be bad for the equity market in the short term,” Pong said. Just as volatility begets more volatility, Pong cautioned that the volatile period is likely to continue. Mercury Securities research head Edmund Tham, however, expects the volatility to taper as there are only a few days left before the Federal Open Market Committee meets on Wednesday and Thursday.

Source: The Edge Markets September 19, 2016 00:56 UTC