Malaysia Post-Regime Change: KLCI Up, BN-Linked Stocks Down (Malaysiakini)
Financial markets have made marginal gains despite the first change of government in 61 years.
While BN-linked stocks crashed, this was offset by gains in stocks owned by personalities linked to Pakatan Harapan.
Initially falling by 40 points, the KLCI climbed back by 13 points as of 9.30am.
This has somewhat signalled confidence in newly minted Prime Minister Dr Mahathir Mohamad’s new measures which include establsihing a council of elders as well as promising business friendliness and deregulation. READ MORE
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