Malaysia ringgit, stocks surge on political breakthrough


MALAYSIA's ringgit posted its best day in almost two weeks and equities rose 2% on Thursday amid signs of a breakthrough in the political stalemate that left the country still struggling to form a new government five days after a general election.

The ringgit rose as much as 1.5% and was on track for its best day since Nov. 11. Stocks in Kuala Lumpur were set for their best session since August 2021.

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Ringgit , political , Anwar Ibrahim

   

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