Malaysian Ringgit and Kuala Lumpur Stocks Soar After Anwar Ibrahim Appointed PM

The Malaysian ringgit and the main Kuala Lumpur stock index soared Thursday amid easing political turmoil. Malaysia’s king appointed long-time opposition leader Anwar Ibrahim as prime minister Thursday as the country’s 10th prime minister. The FTSE Bursa Malaysia KLCI Index jumped just over 4 per cent to close at 1,501.88 points in its strongest single day increase since March 2020. Malaysian ringgit strengthened by almost 2% to above $4.5 on Thursday, the sharpest rise since March 2016 and pushing the … Continue reading “Malaysian Ringgit and Kuala Lumpur Stocks Soar After Anwar Ibrahim Appointed PM”