{
  "id": 17951090,
  "title": "Ringgit edges lower as investors pull back from AI-related trades",
  "url": "https://urgent.news/2026/11/03/ringgit-edges-lower-as-investors-pull-back-from-ai-related-trades",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T11:06:11.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/11/03/ringgit-edges-lower-as-investors-pull-back-from-ai-related-trades/241859"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Nov 3 — The Malaysian ringgit slipped against the US dollar today as global artificial intelligence (AI)-related trading and investments retreated. At 6pm, the local currency fell to 4.0735/0775 against the greenback, down from Monday's close of 4.0695/0735. Stephen Innes, managing partner of SPI Asset Management, attributed the ringgit's decline to a general risk-averse sentiment, particularly due to investors unwinding AI-related investments. He noted that Malaysia has profited from the global AI investment surge, largely driven by its semiconductor industry and technology-related investments. However, he warned that the ringgit could face pressure should investors continue to pull back from the AI trade, even if the US dollar weakens. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid echoed similar concerns, highlighting uncertainties surrounding a potential AI investment bubble, the upcoming US midterm elections, and Friday's US jobs data. He also pointed out mixed signals among Wall Street firms regarding AI infrastructure, with some arguing it has become excessive while others emphasized its economic benefits. Market sentiment remained cautious due to multiple variables that could impact risk levels.",
  "summary": "KUALA LUMPUR, Nov 3 — The ringgit eased against the US dollar today amid a pullback in global artificial...",
  "key_points": [
    "Malaysian ringgit declines against US dollar",
    "Investors withdraw from AI-related trades",
    "Concerns about AI investment bubble and US elections"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}