Asian Insider

Investor sentiment remains fragile amid political uncertainty in Malaysia

Flags of Barisan Nasional (blue) and Pakatan Harapan (red) at a village during the Tanjung Piai by-election in 2019. PHOTO: ST FILE
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KUALA LUMPUR - Amid global headwinds, investor sentiment is likely to stay fragile as Malaysia heads into a snap election with an unapproved budget. And experts predict the worst is yet to come for the stock market if the polls do not produce a strong mandate.

The benchmark FTSE Bursa Malaysia KLCI has plunged almost 12 per cent year to date, as the market priced in global and domestic downside risks.

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