Lower oil prices will have 'manageable' impact on KLCI: Affin Hwang Capital

KUALA LUMPUR: Lower oil prices will have a ‘manageable’ impact on the KLCI stock market index said Affin Hwang Capital Research. It said the upside potential far outstrips it if oil were to rebound. "Although crude oil price has fallen sharply since December 2015 raising fears of dragging the ringgit and the KLCI down with it, evidence suggests that a decoupling has taken place for Brent-ringgit and Brent-KLCI" said its head of research Chue Kwok Yan and his team in a report today.