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Malaysian economic outlook could weaken as investors adopt a wait-and-see approach to the country's first change of government. Analysts expect downward pressure on the ringgit and stocks.
The iShares MSCI Malaysia ETF fell 6%, its sharpest drop in almost 2.5 years, and the ringgit fell more than 2% in offshore forwards.
Expected ringgit weakness and foreign outflows point to higher USD/MYR and tighter financial conditions in Malaysia while policy direction remains unclear.
channelnewsasia.comAngela TengMay 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.
