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Malaysia investors shift to Mahathir's camp from Najib-linked losers

Reuters  |  KUALA LUMPUR 

By Liz Lee and Tom WestbrookKUALA LUMPUR (Reuters) - Investors sorted Malaysia's political haves from the have-nots on the first trading day after a shock election result, dumping shares in firms associated with supporters of ousted prime minister Najib Razak and projects backed by his government.Veteran politician Mahathir Mohamad came out of retirement to lead the opposition Pakatan Harapan (Alliance of Hope) to a stunning victory over a ruling party he had once led, defeating Najib, a former protege he had accused of corruption.As Malaysian markets reopened for trading after being shut for ...

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First Published: Mon, May 14 2018. 11:59 IST