Stocks tumble, ringgit slides ahead of lockdown

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Bursa Malaysia KLCI Index slumps as much as 1.6% in morning trading. FMTNews Lockdown

KUALA LUMPUR: Stocks tumbled and the ringgit weakened after the government’s announcement of a two-week nationwide lockdown from tomorrow to curb a relentless surge in Covid-19 infections.

Malaysia’s return to a hard lockdown comes in the wake of record daily infections that saw cases top 9,000 on Saturday.

 

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