Stocks, ringgit slide as Anwar signals push to oust PM
Published: Sep 23, 2020 9:37 AM
Malaysia's ringgit fell to a near two-week low on Wednesday after opposition leader Anwar Ibrahim claimed he had a majority in parliament, leading losses for Asian currencies in a week dominated by a stronger dollar and concerns over a coronavirus-driven downturn.
With most of the region's stock and currency markets lower, the Thai baht also lost around half a percent in the run-up to a central bank meeting that kept interest rates at record lows and marginally raised its forecast for 2020 gross domestic product.
View Comments0
Report this comment
500 characters remaining
Are you sure you want to delete this comment?
This action cannot be undone.