KUALA LUMPUR (Sept 14): Malaysian shares the ringgit may today take the cue from crude oil's overnight 3% fall, which hit US equities. At Bursa Malaysia, the spotlight could be on shares of oil and gas-related companies, which provide support services to the industry. Shares of oil palm plantation companies may also be closely watched against lower crude oil prices. This is because cheaper crude oil leads to expectation of less demand for palm oil as feedstock for biodiesel production. The ringgit also tracks crude oil prices as the commodity forms a crucial portion of the Malaysian economy.
Source: The Edge Markets September 14, 2016 00:11 UTC