Datasets:

---

Recag

/

Rp_CommonC_503

like 0

ERROR: type should be string, got "https://online.wsj.com/article/SB10001424127887323372504578465711278369012.html\nMalaysia Outperforms Asia On Poll Result\nBy Daniel Inman\nUpdated May 6, 2013 4:51 am ET\nMalaysian stocks surged on Monday, touching a record high, and the currency jumped after the ruling party retained power in the country's general elections, reassuring investors who had worried about a potential change of government.\nThe Bursa Malaysia KLCI was last up 3.2%, while the ringgit rose to its highest in almost two years against the dollar. The stock market had been stalled all year in anticipation of the elections and the move upward was seen by analysts as a strengthening of Prime Minister Najib Razak's political coalition and a vote for continuing his fiscal reforms.\nThe market was helped higher by index heavyweight CIMB Group Holdings. The bank, headed by the prime minister's brother, was recently up 10%. Casino operator Genting also added 5.7% in Kuala Lumpur.\n\"The race was not as close as some people thought,\" said Paul Mackel, head of Asian currency research at HSBC in Hong Kong, adding that the ringgit \"had been held back quite a bit by the domestic concerns related to the election.\"\nElsewhere in Asia, markets also moved higher following strong employment data in the U.S. that led to another record-breaking session on Wall Street.\nThe U.S. added more jobs than expected in April, according to a Labor Department report released on Friday. The data was taken as further evidence of a continued recovery in the world's largest economy, pushing the Dow Jones Industrial Average to a fresh record high during the final trading session of the week.\nThe U.S. dollar climbed 1.1% against the yen on Friday. With Japan closed for a public holiday, yen trading was quiet until later in the day when Europe came online. The dollar was at ¥99.40 late in Asia compared to ¥99.01 late Friday in New York.\nAustralia's S&P/ASX 200 added 0.5% to 5156.20. Mining stocks made strong gains, responding favorably to an increase in commodity prices on Friday following the U.S. jobs report. Rio Tinto jumped 3.1% and BHP Billiton rose 2.8%.\nAlso in Australia, retail sales unexpectedly fell in March following two months of strong gains. The Australian dollar fell to $1.0264 as the data increased expectations of a rate cut at Tuesday's Reserve Bank of Australia policy meeting.\nMetal companies also made substantial gains in China, where the Shanghai Composite climbed 1.2% to 2231.17. Jiangxi Copper Co. jumped up 5.2% and Yunnan Copper Co. added 3.2%.\nOn Monday, the Hang Seng index continued its rise by climbing another 1% to 22915.09.\nGalaxy Entertainment rose 5.9% in Hong Kong after the gaming company paid HK$3.25 billion to acquire a casino and hotel from Get Nice Holdings, which also jumped 11.3% higher.\nSouth Korea's Kospi was ended the day 0.2% lower at 1961.48.\nWrite to Daniel Inman at daniel.inman@wsj.com\nCopyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8\nProcess for Covid-19 Vaccination Is Streamlined in Populous Essex County, N.J.\nWSJ News Exclusive | Keystone XL Oil Project Pledges Zero Carbon Emissions\nYour Movie Is About to Be...Delayed, Again\nCombine Chrysler, Fiat, Peugeot and You Get Stellantis. Stella-What?\nSamsung Is Without a Leader as Jay Y. Lee Returns to Prison\nHarris Will Balance Roles as Counselor to Biden, Tiebreaker in Senate\nCopyright © 2021 Dow Jones & Company, Inc. All Rights Reserved"