SINGAPORE: A US$33bil selloff in Malaysian stocks since Tun Dr Mahathir Mohamad’s election has got Nikko Asset Management on the hunt for bargains.
Some of the nation’s banks, consumer and healthcare shares have now fallen to attractive levels, according to Kenneth Tang, a fund manager at the US$220bil Japanese investor. Risks over rising interest rates and a global trade war have also been discounted by the recent selling, he added.
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