Malaysian stocks, currency fall as country declares state of emergency to curb surging Covid cases

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Malaysian stocks, currency fall as king declares state of emergency to curb surging Covid cases

Malaysia's stocks and currency fell after the country's king declared a state of emergency that will last until August 1 to curb the spread of Covid-19.

A health worker wearing a personal protective equipment walks past an alley with a mural illustrating medical frontliners outside Clinic Ajwa in Shah Alam, Malaysia.Malaysia's stocks and currency fell on Tuesday after the king declared a state of emergency that will last until August 1, as the country steps up measures to curb the spread of Covid-19.

The declaration comes after cases of Covid-19 surged in recent months. Last week, the number of reported daily cases jumped above 3,000 for the first time since the outbreak, according to data compiled by Johns Hopkins University.

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With Hyundai moving it's HQ to Indonesia also effecting the stocks to fall.

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