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Malaysia in transition

Investors cautious over Mahathir transition period

New Malaysian government strives to ensure stability

Malaysia's new Prime Minister Mahathir Mohamad has promised to abolish the country's goods and services tax, but it is unclear how his government plans to make up for the shortfall in revenue.   © Reuters

KUALA LUMPUR -- Investors have seemingly adjusted to the surprise victory of Mahathir Mohamad's opposition coalition in last week's lower house election in Malaysia. Markets saw little movement in the aftermath of the vote, yet many remain cautious ahead of what is likely to be a complicated transition period.

The country's benchmark Kuala Lumpur Composite Index closed down 0.1% on Tuesday as the expected market turbulence failed to materialize.

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