What if MYR weaken further?

The title of this posting fits perfectly with my last question in the last posting. Currency direction provide a good indication of emerging market equity direction in time of economonic turbulence. HLIB did a good study on the correlation between MYR/USD and KLCI movement. As most of the 30-index stock are heavily owned by foreign hedge funds. Of course, we know that not all foreign funds are parked at equity market. For detailed analysis, please see attached.

As i cannot attached a pdf file here, please find it over the net.