Malaysian stocks under pressure after 7% first-half decline

Rising interest rates, weak currency, state elections cast shadows

20230704 Malaysia's stock market

A woman leaves the trading floor of RHB Bank in Kuala Lumpur on July 4. Investors pushed Malaysian stocks 7% lower in the first half of this year. (Photo by Norman Goh)

NORMAN GOH, Nikkei staff writer

KUALA LUMPUR -- Analysts say the outlook for Malaysia's stock market, which slumped 7% in the first half, remains cloudy, as central bank tightening, a weakening currency and other concerns sap investor appetite for shares.

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