Malaysia market dives as foreigners trim holdings
There are also concerns fiscal deficit targets may not be met due to oil price plunge
Kuala Lumpur
AS oil prices continued to slip, foreigners concerned over Malaysia's fiscal position trimmed equity holdings to push the stock market 2 per cent lower and just below the psychological 1,700 level.
Analysts warned of further headwinds. The freefall in oil prices has hit the petroleum-producing nation the hardest in the region despite the government's assurances that the economy is diversified enough to withstand external shocks.
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