Chee Loong LeeChee Pung Ng0000-0002-3169-6536Chin Min KohRiayati Ahmad2024-10-182024-10-182022-10-31https://doi.org/10.46557/001c.37049https://dspace-cris.utar.edu.my/handle/123456789/3360This study investigated the asymmetric impact of fiscal policy on Malaysia’s stock market. It discovered that fiscal policy has no impact on the stock market performance in the long run. However, budget expansion boosted the stock market return, while budget contraction worsened it in the short run. Therefore, fund managers can adjust their portfolios based on fiscal news in the short run to maximize their returns.journal-article