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
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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.