Ringgit Leads Asia Losses as 1MDB Woes Weigh on Nation's Assets

Updated on
  • Currency headed for biggest quarterly decline since 1997
  • Global funds sold net 1.3 billion ringgit of shares last week

The ringgit fell for a fifth day as new allegations against a Malaysian state investment company damped demand for the nation’s assets, just as capital is flowing out of emerging markets ahead of a potential U.S. interest-rate increase.

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