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Nikkei Markets

Malaysia's vow to review projects spooks construction stocks

Investors batter shares linked to past government, uncertain fate weighs

Malaysia's Former Prime Minister Najib Razak look at a model of the East Coast Rail Line at Kuantan Bahang, Malaysia in August 2017.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysian construction stocks are likely to fall further after investors hammered the sector amid a slew of downgrades as the opposition coalition, which had vowed to review projects worth over $25 billion, swept to power in a shock election outcome.

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