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M’sian equities to be hit if China’s growth cools

Mimi Sabreena 9:14:00 AM Informasi

KUALA LUMPUR: The Malaysian stock market will be affected if China’s economic growth decelerates more rapidly than expected, said RHB Asset Management Sdn Bhd, citing the strong business links between the two countries.

“If anything happens in China, it will definitely have a negative effect on us,” said the firm’s chief investment officer and head of equities Mohd Fauzi Mohd Tahir.

He said implications of a slowdown in China would be bad for the whole region, and that the banking and consumer goods sectors would subsequently be affected.

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