Malaysia stocks slump on COVID-19 curbs, Asia pauses gains

Malaysia stocks slump on COVID-19 curbs, Asia pauses gains * Banks lead Malaysian declines after new lockdown * Analysts expect economic harm from Malaysia’s new lockdown * Rupiah falls as U.S. 10-year yields top 1% By Nikhil Nainan Jan 12 (Reuters) – Malaysia led losses across SoutheastAsian stock markets on Tuesday after a state of emergency wasdeclared in the country to curb the spread of COVID-19,threatening its economic recovery and sending banking stockssharply lower.…

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