MarketWatch•last month
Malaysian stocks(^KLSE) turned positive to close slightly higher on Monday after opening nearly 3% lower as markets opened for the first time since the stunning election victory for Mahathir Mohamad’s opposition coalition last week. Volatility was expected following the election, which ousted the political coalition that had ruled Malaysia since independence in 1957. In the U.S., an exchange-traded fund of Malaysian stocks slumped 6% on Wednesday before rebounding 1.8% on Thursday and falling 0.8% Friday.