May 11, 2018 / 1:47 PM / 2 months ago

Malaysia ETF extends recovery from loss tied to Mahathir's win

NEW YORK, May 11 (Reuters) - An exchange-traded fund that tracks Malaysian stocks rose on Friday, extending a recovery from Wednesday’s rout caused by jitters about the economic policies of a coalition led by former prime minister Mahathir Mohamad, which staged a surprise victory over the ruling alliance.

At 9:40 a.m. (1340 GMT), the price of iShares Malaysia MSCI ETF was up 1.2 percent at $33.35 a share. It has gained 2.5 percent after tumbling 6 percent on Wednesday. (Reporting by Richard Leong Editing by Chizu Nomiyama)

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