(Worthy News) - A historic win at Malaysia's general election by the opposition alliance led by the country's former leader, Mahathir Mohamad, will likely send markets on a wild ride, although analysts said long-term prospects appeared encouraging.
Mahathir's Pakatan Harapan scooped up 113 of the 222 available parliament seats, exceeding the 112 seats needed for a simple majority and upsetting the incumbent Barisan Nasional coalition.
Uncertainty will likely be a focus in the short term for markets following the surprise result.
"The Malaysia election outcome is a huge upset, no pollster was expecting this. This upset ranks up there with Brexit and [the] Trump election," said Aninda Mitra, senior sovereign analyst at BNY Mellon Investment Management. [ Source: CNBC (Read More...) ]
Copyright 1999-2018 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.