Maleise munt springt omhoog na stembusoverwinning regering

Malaysia’s ringgit rallied the most since 2010 and stocks rose to a record after Prime Minister Najib Razak won a clear majority in the election, giving him a mandate to continue his economic reforms. The currency gained 2.1 percent to 2.9725 per dollar as of 1:41 p.m. in Kuala Lumpur and reached 2.9625, the strongest level since Sept. 2, 2011, data compiled by Bloomberg show. That was the biggest advance since June 2010. The FTSE Bursa Malaysia KLCI Index (FBMKLCI) climbed 3.1 percent to 1,747.85 and rose as much as 7.8 percent earlier, the most in more than a decade.

Barisan Nasional, also known as the National Front, won 133 of the 222 parliamentary seats, according to the Election Commission, while the opposition People’s Alliance led by Anwar Ibrahim had 89.