Political risk recedes for stock market


By COMMENT

PRIME Minister Datuk Seri Najib Tun Razak's approval ratings rebounded strongly in the latest Merdeka Centre polls, climbing to 69% from 59% in August last year. The improvement is seen across all races (Malays: 74% vs 69% on Aug 11, Indians: 80% vs 69% on Aug 11), with the largest jump seen for the Chinese (57% vs 38% on Aug 11). Ratings were also high among poorer Malaysians, at 78%.

Ratings had fallen in the last polls following the Bersih 2.0 rally in July last year, when over 40,000 people took to the streets. About 1,667 demonstrators were arrested for defying the government ban, with accusations of police brutality.

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