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Mahathir Mohamad, aged 92, was sworn in as Malaysia's seventh prime minister after the opposition defeated the Najib Razak government. Malaysian onshore markets were closed, and the ringgit fell 4% in offshore trading.
Overseas investors were nervous about the change in government.
The shock election result drove a sharp offshore ringgit selloff, raising USD/MYR and the cost of ringgit-linked imports until policy direction becomes clear.
reuters.comLiz LeeMay 10, 2018Not enough comparable past events yet for a historical read.
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.
