The World's Worst Major Stock Market Is Really, Really Boring
- Malaysia stocks may ‘disappoint’ till 2020, Samsung Asset says
- Construction, oil-related firms may outperform, Aberdeen says
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Hopes of luring back global investors to a battered stock market are dimming by the day for Malaysia’s government.
The benchmark FTSE Bursa Malaysia KLCI Index is down 14 percent from a record in May 2018 and it’s the worst major market in the world so far this year, having slipped 3.6 percent. That’s even amid a rally in global equities spurred by the Federal Reserve’s dovish pivot and a potential trade deal between the U.S. and China. The gloomy outlook for Malaysian stocks isn’t likely to end anytime soon, says Samsung Asset Management Co.