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Malaysia election: Ringgit falls as high-speed rail, GST among analysts' top uncertainties
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Some analysts expect the ringgit to weaken, citing the market's dislike of uncertainties and concerns over the new government's fiscal spending.
PHOTO: REUTERS
Lee Meixian
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SINGAPORE - Stocks with Malaysian exposure were hit on the Singapore bourse on Thursday morning (May 10) after the shock election win by the opposition in Malaysia.
As at 11am, Singapore-listed stocks with Malaysian exposure such as Jardine Cycle & Carriage, IHH Healthcare and Hatten Land fell. Jardine C&C was down 81 cents, or 2.4 per cent, to $33.07, IHH Healthcare down five cents, or 2.5 per cent, to $1.98, and Hatten Land down 0.1 cent, or 0.6 per cent, to $0.16. Fraser and Neave bucked the trend with a one cent, or 0.5 per cent, rise to $2.09.
