Worries shift from trade to mountains of debt

The research house said this was largely because the FBM KLCI has generally yielded positive returns in the three-month periods up to the past election polling dates, apart from robust headline economic indicators which support the ringgit and investment sentiment. The GE14 is widely expected to be held in March or April next year.

FROM trade war and slowing world growth, attention is shifting, in the midst of a market meltdown, to debt as a possible cause of recession.

With US$9 trillion in corporate debt that includes commercial papers and bonds (which is a near doubling in a decade), US markets are also plagued by US$1.3 trillion in leveraged loans made to companies that are already indebted or have weak ratings.