Opposition win in Malaysia’s general election could shock markets - analysts
Photo: Former Malaysian Prime Minister and candidate for opposition Alliance Of Hope, Mahathir Mohamad speaks during an election campaign rally in Kuala Lumpur, Malaysia, May 6, 2018. REUTERS/Athit Perawongmetha
KUALA LUMPUR - Malaysia’s ruling National Front (BN) coalition is still favourite to win the fourteenth general election since independence but the four-party Alliance of Hope (PH) opposition has put in a strong showing over a short, 11-day campaign, causing investment managers to consider the once unthinkable.
“The markets are jittery. People have never really considered the possibility of an opposition win as much as they are doing this time,” Gerry Ambrose, chief executive of Aberdeen Islamic Asset Management in Kuala Lumpur told Salaam Gateway.
“The expectation is, if this happens, the markets will tank. Even if the ruling party gets fewer seats than expected, the market would also be affected, and who knows with a hung parliament. There would be a lot of chaos.”
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