SINGAPORE – Malaysia's share market and ringgit currency weakened in early trade on Monday , after a national election over the weekend resulted inin the country's history, to leave rival parties scrambling for coalition partners.
Malaysia elected a hung parliament for the first time in its history, as the ruling Barisan Nasional, led by the United Malays National Organisation came a distant third.battle it out "In the near term, the political uncertainty, along with the global economic slowdown, I think, should keep the upside pressure on the US dollar/ringgit pair," he said – meaning downward pressure on the ringgit.
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