Skip to content
Subscriber Only

`Buy the Dip' Rules in Malaysia as Markets Shrug Off Vote Shock

  • Ringgit rises 0.1% after falling as much as 1 percent
  • Areca Capital says it turned positive on Malaysian stocks
Bloomberg business news
NUS Professor Kishore Mahbubani weighs in on the Malaysian election win of Mahathir Mohamad.(Source: Bloomberg)
Updated on

Malaysia’s markets showed few signs of investor panic after Mahathir Mohamad swept to power in a surprise election outcome.

Stocks and the ringgit recovered from an early slump to climb higher, as concerns over an untried government were allayed by the appointment of experienced advisers including a former central banker and finance minister. Bonds pared losses.