Malaysian Currency, Stocks Fall As Vote Ends In Hung Parliament

Malaysia’s stock market and currency dipped after a national election produced the Southeast Asian nation’s first hung parliament, setting off a scramble to form a coalition before a Monday afternoon deadline. <br />Kuala Lumpur’s benchmark index fell as much as 1.5 percent. <br />Malaysia’s national election on Saturday failed to produce a clear winner, with neither the Pakatan Harapan (PH) nor Perikatan Nasional (PN) coalitions securing the required 112 seats to form the government. <br />Malaysia’s King Sultan Abdullah Sultan Ahmad Shah extended by 24 hours a deadline for legislators to notify the palace of their preferred government, shortly before the original deadline was set to expire at 2 pm.