Emerging markets: Malaysia stocks at 5-month low on political risks, region awaits US election

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While Asia's other emerging markets kept to tight ranges.

Factory activity in South Korea and China showed a robust recovery in October with shares in Seoul up 1%, the most in the region, while Shanghai dipped ahead of the US election.

OCBC analyst said Asian markets face a mixed start to the week from"potentially whippy action as investors remain nervous about the upcoming US election results." Over the weekend, Malaysia's prime minister urged lawmakers to pass the 2021 budget, in spite of efforts by the opposition to oust his government and pressure from unhappy partners within the governing coalition.

 

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