# Mahathir, 92, sworn in as Malaysia's seventh prime minister

> 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.

- Date: 2018-05-10 · published 2018-05-10T12:00:00.000Z
- Category: macro · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/65284-mahathir-92-sworn-in-as-malaysia-s-seventh-prime-minister
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/world/mahathir-92-sworn-in-as-malaysias-seventh-prime-minister-idUSKBN1I93E6/

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