Boring prospects for Malaysian stock market

Austerity effect: A fund manager expects Malaysia to disappoint over the next year as the new government has been lowering public debt with fiscal tightening. — AP

SINGAPORE: Hopes of luring back global investors to a battered stock market are dimming by the day for Malaysia.

The benchmark FBM KLCI is down 14% from a record in May 2018 and it’s the worst major market in the world so far this year, having slipped 3.4%.