# Missile rocks Bursa, but ringgit holds its ground - The Malaysian Reserve

> Bursa Malaysia's KLCI fell 8.35 points to 1,761.14 after North Korea launched a missile over northern Japan, in line with weaker global markets. The ringgit strengthened slightly, and analysts expected the geopolitical shock to fade quickly.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: geopolitics · region Asia · magnitude low
- Page: https://feedsoft.ai/events/69727-missile-rocks-bursa-but-ringgit-holds-its-ground-the-malaysian-reserve
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The shock is short-lived risk-off sentiment with little supply or demand effect on feed commodities, so the price impact is minimal.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/08/30/missile-rocks-bursa-ringgit-holds-ground/

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