While stock exchanges in Singapore and Indonesia have grown by four and three percent respectively, the FTSE Bursa Malaysia KLCI index has fallen more than one percent so far in 2019., this trend is likely to persist as investors wait on the government to deliver on promises to cut the budget deficit, clamp down on corruption and boost purchasing power.
The Pakatan Harapan administration has taken steps to clean-up some of the policies of the previous Najib Abdul Razak regime. Investors also need to see quick action on the country’s five-year economic plan touting transparency and institutional reform.
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Its not abt election, it's horrendous set of 4Q earnings. We are in earnings recession!