ANALYSIS Malaysia's normally tranquil currency and bond markets have been whipsawed by an exodus of foreign capital as investors reassess emerging markets most at risk from a withdrawal of US easy money policy, heightening the possibility of a vicious sell-off that could hurt the economy.
The ringgit currency is at three-year lows against the dollar and month-long selling has pushed 10-year Malaysian government bond yields to their highest in 2-1/2 years.