Malaysia Votes 2018

No knee-jerk reaction in regional markets but volatility expected

largely unmoved by the election results, although there was a slight dip in the ringgit against the Singapore dollar.
largely unmoved by the election results, although there was a slight dip in the ringgit against the Singapore dollar. PHOTO: REUTERS

Political observers in Malaysia were taken aback by the election results, but financial markets in Singapore and across the region largely shrugged off the event.

There was none of the knee-jerk reaction often seen after such watershed events, although analysts warned of volatility ahead.

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A version of this article appeared in the print edition of The Straits Times on May 11, 2018, with the headline 'No knee-jerk reaction in regional markets but volatility expected'. Print Edition | Subscribe