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...
South Korean Finance Minister Koo Yun-cheol vowed Tuesday to secure a “mutually beneficial” trade agreement with the United States as the Aug. 1 tariff deadline nears.
Koo departs for Washington to meet U.S. Treasury Secretary Scott Bessent in a last-minute push to avert punitive tariffs on South Korea’s key industrial exports. The planned talks were postponed last week due to Bessent’s scheduling conflict.
“We will make the best effort to derive an agreement based on our national interest, that would allow South Korea and the United States to co-exist,” Koo told reporters before leaving Seoul.
Koo will join Industry Minister Kim Jung-kwan and Minister for Trade Yeo Han-koo, who are already in Washington holding discussions with U.S. officials, including Commerce Secretary Howard Lutnick, as part of an “all-out response.”
President Donald Trump has threatened to impose steep tariffs unless bilateral deals are finalized before the deadline, putting pressure on major U.S. trade partners. For South Korea, the outcome could have sweeping implications for its export-driven economy.
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