KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
The US and Taiwan have sealed a landmark trade agreement that strengthens America’s semiconductor ambitions while easing trade barriers for Taiwanese exporters — with Taiwan Semiconductor Manufacturing Co at the centre of the deal. Under the agreement, Taiwan pledged US$250 billion in US investments , led by TSMC’s plan to expand its semiconductor manufacturing cluster in Arizona . In return, the US will cut tariffs on Taiwanese goods to 15% from 20% and grant exemptions to Taiwanese chipmakers that commit to expanding production on American soil. The move aligns with the Trump administration’s broader strategy to onshore critical industries , reduce reliance on overseas supply chains, and de-escalate tariff tensions without derailing economic growth. It also builds on recent trade progress with partners such as the European Union, Japan, and China. TSMC’s dominance in advanced chip manufacturing makes this deal strategically s...