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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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US-China Trade Truce Signed — But Real Relief Hinges on Rare Earths Delivery

What Happened

US Commerce Secretary Howard Lutnick announced that the US and China have signed a trade understanding, sealing terms reached last month in Geneva. The highlight? China commits to delivering rare earth materials critical to industries from EVs to defense — a key gesture that could unlock the easing of US “countermeasures.”

Why It Matters
Rare earths are essential to the production of:

  • EV batteries

  • Wind turbines

  • Smartphones

  • Military-grade electronics

The US will only lift export curbs once rare earths shipments begin. In the meantime, restrictions on chip software, jet engines, and ethane remain.

Lutnick's Reveal:

  • China deal inked two days ago

  • 10 trade deals with major partners are "imminent"

  • July 9 remains the deadline for reinstating up to 50% tariffs

Investor Takeaway: Real Deal or Political Optics?

While the signing is a symbolic win for diplomacy, markets remained cautious:

  • Offshore yuan: flat

  • S&P 500 futures: steady

  • China equity futures: unopened at announcement

Why? Because this isn't a full trade agreement — no resolution on:

  • Fentanyl trafficking

  • US market access for American exporters

  • Export licensing hurdles from Beijing

MoneyMaster Take:

  1. The deal removes short-term uncertainty, but execution risks remain.

  2. Rare earth delivery = trigger event for lifting US curbs. Watch the ports.

  3. Industries from tech to defense should prepare for volatile supply chains.


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