Govt doesn’t determine ‘ups and downs’ in stock market, says Treasury
Finance Minister Lim Guan Eng said movements in the stock market beyond the government’s control. — Picture by Yusof Mat Isa
The volatility in the stock markets is a normal situation and depends on the market conditions both domestic as well as global, he said when asked about reports saying Malaysia’s stock market is Asia’s only loser of 2019. Malaysia’s economy expanded by 4.7 per cent in 2018. On Monday, the International Monetary Fund , which projected the same pace of growth for 2019, also praised the country’s resilient economy.
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