"If there's a tidal wave coming from a credit event in Italy, then it doesn't matter how great your thesis is on Malaysia, the ringgit's going to get blown up, " he says.
The benchmark stock index rose 1.4% to a record 1776.73 on Tuesday, after surging 3.4% on Monday, while Malaysia's ringgit currency gained 1.9% against the dollar in the first two trading days of the week.