34.00 -0.72 (-2.07%)
Pre-Market: 7:00AM EDT
|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||34.63 - 34.81|
|52 Week Range||31.21 - 36.56|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.49%|
Malaysian equities have been on a wild ride, with the Malaysia ETF surging on Monday after the opposition party surprised observers by winning the office for the first time in six decades. The market was shut for three days last week as Mahathir Mohamad led an alliance to unexpectedly beat the ruling Barisan Nasional coalition, Bloomberg reports. Gan Eng Peng, director of equities strategy and advisory at Affin Hwang Asset Management, argued that Mahathir’s vow to nullify the nation’s current goods and services tax, fuel subsidies and minimum wage realignment could benefit the consumer sector.
The iShares MSCI Malaysia ETF (EWM) experienced some volatility last week, plunging immediately following Prime Minister Mahathir Mohamad's surprise win in a recent election there. The lone US-listed exchange traded fund dedicated to Malaysian equities would rebound later in the week, but still finished the week with a loss of over 5%. Some ratings agencies are forecasting policy changes in the wake of the surprise election result.
The Malaysia country-specific exchange traded fund has experienced wild swings in the last couple of sessions and allowed U.S. investors to price this Southeast emerging market even during this foreign ...
The iShares MSCI Malaysia ETF looked set to climb on Thursday as 92-year-old Malaysian politician Dr. Mahathir Mohamad was set to become leader of the country in a stunning upset of incumbent Prime Minister Najib Razak, marking a rebuke of the establishment National Front Coalition Party that had been in power since its independence from the U.K. in 1957. Meanwhile, the Malaysian ringgit was strengthening against the U.S. buck, with a dollar buying 3.9505 ringgit, versus 4.0460 ringgit late Wednesday in New York. Malaysia's leaders have been embroiled in by scandal, notably one surrounding its sovereign wealth fund, 1 Malaysia Development Bhd, or 1MDB, a multibillion dollar money-laundering scandal.
Mahathir Mohamad's political comeback will likely have a big impact on Malaysian markets and its economy.
Malaysian markets and country-specific ETF plunged Wednesday as it grew more likely that the opposition party could capture a surprise election win and end Prime Minister Najib Razak’s ruling coalition 61-year reign. Malaysian markets soured Wednesday after it grew more likely that Mahathir Mohamad and opposition alliance would end the ruling coalition’s grip on power in Malaysia, which has not occured since the Southeast Asian country gained independence in 1957.
Three Asia-focused ETFs form a different slice of ETF investing, offering exposure to a mix of emerging and frontier markets.
Retail sales in Malaysia rose 13.9% YoY (year-over-year) in June 2017, compared with its 13.6% gain in May 2017.
Exports from Malaysia in June 2017 stood at 73.1 billion Malaysian ringgit (MYR) (about $17 billion as of August 11, 2017), or 10% higher YoY.
Malaysia's trade surplus jumped to 9.9 billion Malaysian ringgit (MYR) (about $2.3 billion as of August 11, 2017) in June 2017—an 80% rise YoY.
Malaysian business confidence as reported by MIER (Malaysian Institute of Economic Research) gave an optimistic outlook for Malaysia after 1Q17.
Manufacturing activity in Malaysia fell to a record low in June 2017, primarily due to a drop in both output and new orders.
The Malaysian economy gave us an impressive growth story in 1Q17, with its increased investments in infrastructure and private sector expansion.
The “Fast Money” traders share their final trades for the day including iShares MSCI Malaysia ETF, iShares MSCI Emerging Markets ETF, iShares MSCI Brazil Capped ETF and Tesla.