Stocks, ringgit slide as Anwar signals push to oust PM
ReutersPublished: Sep 23, 2020 9:37 AM
Malaysia's ringgit fell to a near two-week low on Wednesday after opposition leader Anwar Ibrahim claimed he had a majority in parliament, leading losses for Asian currencies in a week dominated by a stronger dollar and concerns over a coronavirus-driven downturn.
With most of the region's stock and currency markets lower, the Thai baht also lost around half a percent in the run-up to a central bank meeting that kept interest rates at record lows and marginally raised its forecast for 2020 gross domestic product.
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