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King’s no emergency declaration a major relief to market, says CGS-CIMB | Malay Mail

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KUALA LUMPUR, Oct 26 — The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah’s decision not to declare an emergency is a major relief to the market, CGS-CIMB said. In a research note today, the stockbroking firm said an emergency declaration would shake consumers,...

Monday, 26 Oct 2020 04:22 PM MYT

KUALA LUMPUR, Oct 26 — The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah’s decision not to declare an emergency is a major relief to the market, CGS-CIMB said. It said the King’s decision would likely avert a potential major sell-off in the market arising from concerns over the negative impact that an emergency decree would have on the economy and corporate earnings.

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