EWM, the Malaysia ETF, is up about 8% the past year. Tuesday’s sell-off pulled the fund below its 50-day moving average for the first time in a month, reports Trang Ho at Investor’s Business Daily. The decline was the ETF’s largest one-day drop since September 2011.
“Whenever there is speculation that Parliament will be dissolved, the market weakens,” said Credit Suisse research analysts in the report. “The quality of Prime Minister Najib Razaks’ win will be crucial, but the market feels hapless as the potential outcome of the general election is murky.”
iShares MSCI Malaysia
