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Economy

Malaysia's stocks with ties to past administration fall on first-day trading

Bourse bounces back from early plunge led by firms with links to new government

KUALA LUMPUR (Reuters) -- Malaysia's stock market recovered quickly from an early drop on Monday, while the currency hit a four-month low, in a volatile first session since the stunning election defeat of a coalition that ruled the country for six decades.

Veteran politician Mahathir Mohamad came out of retirement to lead the opposition Pakatan Harapan (Alliance of Hope) to a stunning victory over a ruling party he had once led, defeating prime minister Najib Razak, a former protege he had accused of corruption.

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