# Stocks, ringgit slip as political tension weighs | Malaysiakini

> 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.

- Date: 2020-10-26 · published 2020-10-26T12:00:00.000Z
- Category: geopolitics · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50889-stocks-ringgit-slip-as-political-tension-weighs-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-04-12 | [Canadian canola spat shows China has 'ways of hurting' trade partners for political ends \| CBC News](https://feedsoft.ai/events/59566-canadian-canola-spat-shows-china-has-ways-of-hurting-trade-partners-for.md) | +0.3% | -9.0% |
| PALMOIL | 2020-07-21 | [China's rapeseed oil rally drives widening spread with other edible oils](https://feedsoft.ai/events/52098-china-s-rapeseed-oil-rally-drives-widening-spread-with-other-edible-oils.md) | +0.4% | +8.7% |

## Sources

- malaysiakini.com: https://www.malaysiakini.com/news/548135

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.