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Malaysian stocks and the ringgit slipped after the king rejected Prime Minister Muhyiddin Yassin's request to declare a state of emergency over Covid-19. The political setback comes amid a leadership challenge from Anwar Ibrahim and infighting in the ruling coalition.
Political uncertainty weighs on the ringgit, which can lift the cost of Malaysian palm oil for importers, though the link to feed prices is indirect.
malaysiakini.comReutersOct 26, 2020Not enough comparable past events yet for a historical read.
After 80 past geopolitics events, Palm Oil moved a median +1.2% over 5 sessions (66% higher; middle half -0.9% to +5.2%), and +2.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
