Stocks, ringgit slip as political tension weighs

Local stocks stumbled on Monday as political uncertainty in the country grew after the Yang di-Pertuan Agong rejected a request by Prime Minister Muhyiddin Yassin to declare a state of emergency in response to the coronavirus crisis.

Broader Asian stocks and currencies were subdued, as a surge in coronavirus cases in the United States and Europe threatened hopes for a global economic recovery, adding to uncertainty posed by the looming US presidential election...