Hot money returns to Asia, M'sia seen to gain

Office employees check the Indonesia Stock Exchange display in Jakarta on February 5, 2014. Indonesia's economy, Southeast Asia's biggest, grew at its slowest pace in four years in 2013, data showed February 5, but beat expectations and is showing signs of improvement despite being hard hit by emerging market turmoil. AFP PHOTO / BAY ISMOYO

PETALING JAYA: Hot money is flowing back into Asian economies driven by investors’ appetite for risky assets and higher returns, as tension in the Ukraine subsides while the prospects of a slowdown in China raise hope for fresh stimulus.

This could set the stage for the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) to test recent its high of 1,862 points reached on April 7.