Ringgit snaps two-day gain

Clouded outlook: The currency falls 0.6 to 4.4085 a US dollar. – Reuters

KUALA LUMPUR: Malaysia’s ringgit extended its worst start to a year since 2009 as a slump in Brent crude clouds the outlook for Asia’s only major net oil exporter just as uncertainty over China rattles global markets.

A slide in Brent to an 11-year low has prompted Prime Minister Datuk Seri Najib Tun Razak to review the 2016 annual budget.