Ringgit expected to remain volatile next week

KUALA LUMPUR: The ringgit is expected to remain volatile next week, driven by negative sentiment brought by China’s shrinking economy and continued worries over commodity prices, dealers said. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the local unit is expected to trend lower next week due to falling oil prices and a major trading halt in the Chinese stock market, which may dent the short-term traders psychology. “The recent