Stock Market That Was Asia's Highlight Now Set for Two-Year Low
- FTSE Bursa Malaysia KLCI Index has lost 11% since August high
- Fiscal issues after elections of great concern: Oanda’s Innes
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Just months ago, Malaysian stocks were among Asia’s highlights. Now they’re heading for some of the biggest monthly losses in the region.
The nation filing criminal charges against Goldman Sachs Group Inc. for its role in the 1MDB scandal was the latest to hit the market, whose benchmark equity gauge is heading for a two-year low and its longest monthly losing streak in a decade. Adding to investor concerns are the slide in oil prices, government spending cuts and the ongoing trade tension between the U.S. and China.