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...
Trade Momentum Strengthens
Malaysia-China bilateral trade reached US$131.84 billion (RM555.8 billion) in the first eight months of 2025, underscoring robust momentum as both nations enter the “Golden 50 Years” of diplomatic relations. China has remained Malaysia’s largest trading partner for 16 consecutive years, accounting for RM484.12 billion in total trade in 2024, or 16.8% of Malaysia’s global trade.
Tourism Rebounds
Tourist arrivals from China surged to a historic 2.78 million visitors in the first seven months of 2025, reflecting deepening people-to-people exchanges and recovery in travel flows.
High-Level Visits Elevate Ties
China’s Ambassador to Malaysia, Ouyang Yujing, highlighted that state visits by Chinese President Xi Jinping and Premier Li Qiang, alongside Malaysian Prime Minister Anwar Ibrahim’s visits to China this year, have boosted momentum. Both nations agreed in April to build a high-level strategic community with a shared future, marking a new chapter in bilateral relations.
Shared Prosperity and Regional Role
Ouyang said both countries will continue to expand strategic communication and practical cooperation, contributing to regional peace, stability, and prosperity. He also noted China’s initiatives — including the Belt and Road, Global Development, Global Security, and Global Civilisation — as frameworks fostering broader global collaboration.
Celebrating a Historic Partnership
At a reception in Kuala Lumpur marking China’s 76th National Day, Malaysia’s Transport Minister Anthony Loke joined Ouyang in a toast to bilateral success, with senior Malaysian ministers, diplomats, and business leaders in attendance.
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