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Al Jazeera
Al Jazeera
Business

Malaysian currency, stocks fall as vote ends in hung parliament

Malaysia's ringgit and stock market have fallen after a national election over the weekend resulted in a hung parliament [File: Thomas White/Reuters]

Malaysia’s stock market and currency dipped after a national election produced the Southeast Asian nation’s first hung parliament, setting off a scramble to form a coalition before a Monday afternoon deadline.

The ringgit fell almost 0.8 percent against the US dollar in early trading on Monday before recovering to be down 0.1 percent, as markets weighed the possibility of an extended period of political instability.

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