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Singapore-listed stocks with Malaysian exposure fell on May 10, 2018, after the opposition's election win. The one-month offshore ringgit forwards fell 4.3%, implying a dollar value of about 4.19 ringgit.
Analysts flagged the high-speed rail project and the GST as major uncertainties.
The sharp fall in offshore ringgit forwards signals expected currency depreciation, which pushes USD/MYR higher and increases the cost of ringgit-priced imports.
businesstimes.com.sgMay 9, 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.
