SINGAPORE/KUALA LUMPUR (Reuters): Malaysia's normally tranquil currency and bond markets have been whipsawed by an exodus of foreign capital as investors reassess emerging markets most at risk from a withdrawal of U.S. easy money policy, heightening the possibility of a vicious sell-off that could hurt the economy.
The ringgit currency is at three-year lows against the dollar and month-long selling has pushed 10-year Malaysian government bond yields to their highest in 2-1/2 years.
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