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Asia’s PBs respond to shock Malaysia election result

Private banks in Asia believe the surprising outcome of Malaysia’s elections today will further reduce the attractiveness of the domestic equity market, given rising political uncertainties over the country. Mahathir Mohamad won a stunning victory in Malaysia’s election, ending the six-decade rule of Prime Minister Najib Razak’s party. The country’s offshore assets saw a sell-off with iShares MSCI Malaysia ETF…

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