The ruling coalition is guaranteed to win, but increasing ethnic tensions and a rising cost of living have many believing that there will be a reduced majority.

Will Malaysia overcome its challenges?

Other Asian markets and ETFs are feeling the pinch from Wall Street, too, and experienced sharp drops on Friday:

  • iShares MSCI Australia (EWA), lost 4.5%
  • iShares MSCI Singapore (EWS), lost 3.4%
  • iShares MSCI Japan (EWJ), lost 1.1%
  • iShares MSCI Hong Kong (EWH), lost 3.1%