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MALAYSIA:  Country Wrap: Malaysia China’s Second Biggest Oil Supplier. 

MALAYSIA
  • Data released from China customs yesterday show that Malaysia has replaced Saudi Arabia as China’s second largest supplier of oil, behind Russia (source:  BBG)
  • Palm oil declined on weaker prices of rival soybean oil and worries that exports of the tropical commodity from the second-largest grower Malaysia will disappoint this month (source:  BBG).
  • Malaysia’s FTSE Bursa Malaysia KLCI lacked direction today finishing flat on yesterday’s closing level.
  • MYR – whilst the USD had a positive night, the MYR bucked that off today to rally up +0.13%.
  • Bonds: MGS bonds performed well today with all maturities seeing lower yields.  10-year MGS was the best performer down 5bps to 3.815%
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  • Data released from China customs yesterday show that Malaysia has replaced Saudi Arabia as China’s second largest supplier of oil, behind Russia (source:  BBG)
  • Palm oil declined on weaker prices of rival soybean oil and worries that exports of the tropical commodity from the second-largest grower Malaysia will disappoint this month (source:  BBG).
  • Malaysia’s FTSE Bursa Malaysia KLCI lacked direction today finishing flat on yesterday’s closing level.
  • MYR – whilst the USD had a positive night, the MYR bucked that off today to rally up +0.13%.
  • Bonds: MGS bonds performed well today with all maturities seeing lower yields.  10-year MGS was the best performer down 5bps to 3.815%