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MALAYSIA: Country Wrap:  Steel Tariffs Won’t Hurt Malaysia.

MALAYSIA
EM BulletBulletAPACEmerging Market News
  • Malaysian Trade Minister Aziz told reporters that imposition of tariffs on steel and aluminium will have little impact on the economy as it is not a major export.  (per BBG)
  • Prime Minister Anwar announced that Malaysia will host a joint summit for China, ASEAN and key Middle East Nations in May, with the focus on global trade tensions (as per BBG)
  • Malaysia’s FTSE KLCI Index is piecing together a bad period and down for a third day by -0.47%.
  • MYR: with the USD weaker, the ringgit is better today by +0.15 at 4.4280.
  • Bonds:  the bond market was strong today with short end bonds lower in yield ant he 10YR at 3.82 (-1bps)
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  • Malaysian Trade Minister Aziz told reporters that imposition of tariffs on steel and aluminium will have little impact on the economy as it is not a major export.  (per BBG)
  • Prime Minister Anwar announced that Malaysia will host a joint summit for China, ASEAN and key Middle East Nations in May, with the focus on global trade tensions (as per BBG)
  • Malaysia’s FTSE KLCI Index is piecing together a bad period and down for a third day by -0.47%.
  • MYR: with the USD weaker, the ringgit is better today by +0.15 at 4.4280.
  • Bonds:  the bond market was strong today with short end bonds lower in yield ant he 10YR at 3.82 (-1bps)