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Investors Are Taking Nothing for Granted About Malaysia’s Election

  • There have many unexpected outcomes of late: INTL FCStone
  • Barings says opposition victory may not be negative for market
Stock Index And Currency Images As Malaysian Stocks Erase Drop After Falling 20 Percent From Peak
Photographer: Sanjit Das/Bloomberg
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Malaysia’s ruling party has never lost a general election, but a string of political shocks around the world in recent years mean investors are bracing for a range of outcomes in next month’s vote.

While the ringgit is still Asia’s third-best performer this year, it lost ground this month as uncertainty increases before the May 9 vote. The nation’s 10-year bond yields climbed to the highest level in a month last week.