Investors seek ‘boring’ stocks amid Malaysia’s political uncertainty and COVID-19 economic disruption
KUALA LUMPUR - Investors are seeking refuge in “boring” stocks at a time when fears over the spread of COVID-19 and a parliamentary power grab have quickly injected waves of uncertainty into the Malaysian equity market.
“Last year the outlook appeared to be good: Trump got his trade agreement with China and everyone seemed to agree that the renminbi needed to go up. When that happens, emerging markets seem to do very well,” Gerry Ambrose, chief executive of Aberdeen Standard Islamic Investments, told Salaam Gateway.
Now things seem to have turned 180 degrees.
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