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`Buy the Dip & # 39; rules in Malaysia while the markets repel voting shock



Malaysia's markets showed few signs of investor panic as trading reopened after Mahathir Mohamad came to power in a surprising election result.

Equities and the Ringgit recovered from an early slump to climb higher than fears over an untried one The government was reassured by the appointment of seasoned advisers, including a former central banker and finance minister. Bonds posted losses.

"We have become slightly positive in the short term," said Danny Wong, CEO of Areca Capital Sdn. "Most local funds have been slightly positive with more clarity from Mahathir," he said, citing the appointment of key ministers and the formation of a council of five elders. "Trust returns."


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