Malaysian investors shrug off political uncertainty

Following the Malaysian ruling coalition’s return to power on Sunday, investor relief was clear to see – and the feeling appears to be that real political progress is being made. Local stocks rose 3.4% on Monday’s opening (and have made a slight gain since), and the ringgit rose 1.8% against the dollar to its highest in two years at 2.957, weakening to 2.971 as of late yesterday. In its worst ever performance in a general election, Barisan Nasional was voted in for a 13th term w…