Asia’s Worst Currency Staggers After Two Blows to Performance

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Asia’s Worst Currency Staggers After Two Blows to PerformanceFTSE Russell said Monday it may drop Malaysian debt from the FTSE World Government Bond Index because of concern about market liquidity, roiling the nation’s currency and bonds. “The risk of dropping Malaysian bonds from the flagship index seems more likely than not, in our view, unless fundamental changes are made to improve Malaysia’s market accessibility level,” said Winson Phoon, head of fixed-income research at Maybank Kim Eng Securities Ltd. in Singapore. If Malaysia is dropped from the FTSE gauge, bond outflows may total almost $8 billion, based on its weighting of 0.39 percent and IMF’s estimate that $2 trillion track the index, Morgan Stanley said.


Read More: https://finance.yahoo.com/news/asia-worst-currency-staggers-two-004446809.html

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