Prime Minister Anwar Ibrahim’s Pakatan Harapan-led coalition faces ongoing tests of stability following snap dissolutions of the Johor and Negeri Sembilan state assemblies in early June 2026, which analysts described as tit-for-tat moves ahead of polls within 60 days. These state-level contests have heightened speculation about a possible federal snap election before the 15th Parliament’s automatic dissolution on 19 December 2027, though Anwar has at times ruled out or conditioned an early national vote on internal pressures. Traders weigh coalition cohesion, recent state results, and the constitutional five-year term limit against historical patterns of Malaysian prime ministers timing dissolutions for electoral advantage. Any formal advice to the Yang di-Pertuan Agong to dissolve parliament would trigger the market resolution.