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 White House has announced that all medium- and heavy-duty trucks imported into the U.S. will face a 25% tariff starting Nov 1 , marking a major escalation in President Donald Trump’s trade protection strategy aimed at supporting domestic manufacturers. The move — justified on national security grounds — targets imports of delivery trucks, buses, and semi-trailers from key trading partners including Mexico, Canada, Japan, Germany, and Finland , all of which are U.S. allies. Trump said the tariffs are designed to protect U.S. truckmakers such as Paccar’s Peterbilt and Kenworth as well as Daimler Truck’s Freightliner , which he described as “vital to America’s industrial strength.” Key Details Effective date: November 1, 2025 Tariff rate: 25% on all medium- and heavy-duty truck imports Top import sources: Mexico, Canada, Japan, Germany, Finland Affected firms: Stellantis (Ram), Daimler Truck, Volvo Group, Pac...