Malaysian Assets Defy Selloff Spurred by Middle East Concerns [Yahoo! Finance]
Royal Bank Of Canada (RY)
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Source: Yahoo! Finance
(Bloomberg) -- Malaysia's assets defied a broad selloff in emerging markets on Friday amid optimism surrounding the nation's economic outlook and speculation of support from local funds. Most Read from Bloomberg Elon Wants His Money Back Dubai Grinds to Standstill as Flooding Hits City Israel Reported to Have Launched Retaliatory Strike on Iran Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding Oil Erases Advance After Iranian Media Downplays Israel's Attack The ringgit rose as much as 0.1% before trading little changed, and was one of the best performers in emerging Asia. The benchmark FBM KLCI Index outperformed most other major markets in the region. The local currency is getting a boost from higher oil prices and robust first quarter economic growth, as well as “possibly Bank Negara Malaysia's repatriation appeal to government-linked funds,” said Alvin Tan, head of Asia FX strategy at Royal Bank of Canada in Singapore. Malaysia's central bank in M
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RY
Earnings
- 2/28/24 - Beat
RY
Sec Filings
- 5/1/24 - Form 424B2
- 5/1/24 - Form 424B2
- 5/1/24 - Form 424B2
- RY's page on the SEC website