Ringgit Declines for Fourth Day as 1MDB Default Drags on Stocks

Updated on
  • Benchmark share index closes at lowest level in six weeks
  • Malaysia credit risk rises as 1MDB's dollar bonds slide

The ringgit fell for a fourth day in its longest stretch of losses since November and stocks dropped to a six-week low as troubled state investment company 1Malaysia Development Bhd. confirmed it’s in default after missing an interest payment on bonds.

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