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Global Markets: Asian stocks up on U.S.-China thaw, Malaysian shares bounce, ringgit falls

Reuters  |  SYDNEY 

By Swati PandeySYDNEY (Reuters) - Asian shares shot up to near two-month highs on Monday on signs the United States and China were toning down their trade war rhetoric, while Malaysian Ringgit hit a four-month trough in the first onshore trade since a shock election result last week.Veteran Mahathir Mohamad came out of political retirement to lead the opposition Pakatan Harapan (Alliance of Hope) to a stunning victory over a ruling party he had once led, defeating prime minister Najib Razak, a former protege he had accused of corruption. Some investors were concerned that populist promises ...

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First Published: Mon, May 14 2018. 10:01 IST
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