BANGKOK – Southeast Asian stocks markets fell on Monday led by oil and gas stocks and palm plantation shares amid lower crude prices, sending the Malaysian index to its lowest in 15 months.
Crude oil prices fell more than a dollar and approached a five-year low hit early this month after Morgan Stanley cut its price forecast for Brent crude.
As published by Reuters, on Monday (08/12/2014), Malaysia’s key share index traded down 0.72% at 1,736.81, the lowest since September 2013.
The ringgit hit a five-year low as lower crude prices raised concerns over Malaysia’s current account and fiscal deficit. (T4)
