KUALA LUMPUR, May 4 — The ringgit closed lower for the second day running against the US dollar on weaker sentiment circulating in the market due to talks on Malaysia’s lower manufacturing data, a dealer said.

At 5 pm, the local note stood at 3.9790/9840 against the US dollar from 3.9120/9180 yesterday.

The updates from China, which saw the country’s manufacturing data to fall further to 49.4 from March’s 49.7, has raised concerns over slowing global growth, weighing on the local currency.

“Cut in Eurozone growth has influenced the commodity prices, thus affecting Malaysia as commodity country,” the dealer said.

The local note was mostly down against other currencies.

The ringgit weakened against the Singapore dollar to 2.9383/9426 from 2.9183/9248 yesterday and depreciated further against the yen to 3.7128/7192 from 3.6826/6900.

It slid against the euro to 4.5703/5776 from 4.5121/5206 and depreciated against the British pound to 5.7803/7884 versus yesterday’s 5.7377/7489. — Bernama