# Malaysia stock market, ringgit bounce back from post-election jitters; removal of GST still among worries | The Straits Times

> Malaysian stocks and the ringgit fell when markets reopened on May 14, 2018, after a two-day closure following the opposition coalition's election win. The KLCI dropped 1.7% at the open and the ringgit hit 3.98 per US dollar, its weakest since November 2016. Investors are concerned about campaign pledges to scrap the GST and restore fuel subsidies.

- Date: 2018-05-14 · published 2018-05-14T12:00:00.000Z
- Category: macro · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/65280-malaysia-stock-market-ringgit-bounce-back-from-post-election-jitters-removal-of
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the cost of ringgit-denominated inputs priced in USD and signals capital outflow risk for Malaysian assets. Fiscal worries over the GST repeal could also weigh on sentiment for the rest of the year.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- straitstimes.com: https://www.straitstimes.com/business/companies-markets/ringgit-drops-by-most-in-18-months-after-mahathirs-surprise-win

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