Malaysia Stocks, Currency Decline After Nationwide Virus Curbs
- All sectors of economy are allowed to operate: PM Muhyiddin
- Restrictions will remain in force from May 12 through June 7
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Malaysia’s stocks and the ringgit fell after the government unexpectedly tightened restrictions on movements nationwide in a bid to curb a fresh wave of Covid infections.
The FTSE Bursa Malaysia KLCI Index closed 0.4% lower on Tuesday, mirroring losses in Asia. Sime Darby Plantation Bhd. and Genting Malaysia Bhd. led declines on the Malaysian benchmark gauge. The ringgit weakened 0.3% versus the dollar.