Nomura: M’sia 4th biggest beneficiary of trade war

Profiting from the trade war: Westport in Port Klang. Nomura Research has pointed out Malaysia’s E&E sector was the country’s top beneficiary of the tariffs imposed by the US on China.

PETALING JAYA: The Malaysian electrical and electronics (E&E) sector, as well as natural gas, were among the biggest beneficiaries of the ongoing trade war between the world’s two largest economic juggernauts.

Nomura Research said in a recent report that the gains made by the two sectors due to trade diversions from the US and China were the key reasons that made Malaysia the fourth biggest beneficiary of the US-China trade war.