Estimate Reading Time: < 1 minute
SINGAPORE (Aug 16): The Malaysian ringgit fell to a one-year low on Monday and stocks in Kuala Lumpur slipped as an expectation that the Prime Minister will resign turned investors cautious.
-Advertisement-
Malaysian Prime Minister Muhyiddin Yassin is expected to step down on Monday, media reports say, after losing his majority in parliament.
-Advertisement-
The ringgit last traded at 4.2410 per dollar, its lowest since July 2020, while the FTSE Bursa Malaysia index fell 0.6% in the first few minutes of trade.-REUTERS