Global Investors Are Losing Patience With Malaysia
- Stocks, bonds and ringgit under pressure a year after election
- Public spending cut, regulatory restrictions hurt sentiment
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A year after Malaysia’s historic election, public euphoria surrounding the new government has evaporated. And investors are losing patience too.
Global funds are bypassing the country in favor of other markets. Stocks recorded outflows in all but two of the past 12 months, the ringgit is trailing most of its peers and bonds may be on the cusp of another sell-off.