# EMERGING MARKETS-Malaysian shares slip on political woes as trade data supports ringgit

> Malaysian shares eased as political tensions raised doubts about passing the 2021 budget, while a jump in September exports and a larger trade surplus supported the ringgit. ING said politics would keep pressure on the ringgit and it was reviewing its year-end USD/MYR forecast.

- Date: 2020-10-28 · published 2020-10-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50890-emerging-markets-malaysian-shares-slip-on-political-woes-as-trade-data-supports
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Trade strength supports the ringgit, but political risk could weaken it, shifting the relative cost of Malaysian palm oil exports.

## Read by commodity

- USDMYR: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-19 | [Ringgit remains supported with higher China trade going into 2018 - The Malaysian Reserve](https://feedsoft.ai/events/67747-ringgit-remains-supported-with-higher-china-trade-going-into-2018-the-malaysian.md) | -0.6% | +3.1% |
| PALMOIL | 2018-08-03 | [Malaysia: Wider external surplus is positive for ringgit \| articles \| ING THINK](https://feedsoft.ai/events/63776-malaysia-wider-external-surplus-is-positive-for-ringgit-articles-ing-think.md) | +2.0% | +0.9% |
| PALMOIL | 2021-09-29 | [USD/MYR to dip to 4.12 by year-end as ringgit finds support from strong trade surplus – ANZ — Octa](https://feedsoft.ai/events/45316-usd-myr-to-dip-to-4-12-by-year-end-as-ringgit-finds-support-from-strong-trade.md) | +7.3% | +13.0% |
| PALMOIL | 2020-09-23 | [Malaysia stocks, ringgit slide as Anwar signals push to oust PM \| Financial Post](https://feedsoft.ai/events/51356-malaysia-stocks-ringgit-slide-as-anwar-signals-push-to-oust-pm-financial-post.md) | -1.7% | -1.6% |
| PALMOIL | 2022-11-25 | [Malaysian ringgit extends gains on hopes of stability after PM appointment \| Financial Post](https://feedsoft.ai/events/38932-malaysian-ringgit-extends-gains-on-hopes-of-stability-after-pm-appointment.md) | +3.4% | -0.7% |

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/emerging-markets-malaysian-shares-slip-072912450.html

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