BREAKING: Malaysia's Stock Market Suffers After COVID-19 Outbreak Hits Top Glove
Nov 24 (Reuters) - Stock markets in Malaysia declined 1% on Tuesday, weighed down by losses for the world's top latex glove maker Top Glove, after more than 2,000 of its work force tested positive for COVID-19.
In a mixed morning on Asian exchanges, Singapore, and Indonesian stocks rose about 1% to their highest since early March, while both Thai and Philippine markets lost ground.
Political tensions continued to simmer in Bangkok, with Thai police saying they would deploy nearly 6,000 officers for a demonstration by protesters demanding that King Maha Vajiralongkorn give up personal control of the assets.
The Malaysian benchmark was hit by a 7.5% slump for Top Glove as the government said it was closing 28 factory buildings due to a surge in people testing positive in the area where the plants and dormitories are located.
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