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.
Markets Brace for More Trade Turbulence; Dollar Gains as Risk Sentiment Wobbles Analyst View: Investors were hit with fresh trade war jitters after U.S. President Donald Trump escalated tariff tensions late Thursday, announcing a 35% tariff on all Canadian imports starting Aug 1 . The EU is next , with a warning letter due "today or tomorrow," and other countries may face 15–20% blanket tariffs . The news wiped out earlier gains in Asian stocks and sent U.S. and European futures sliding , while the U.S. dollar strengthened against the euro and Canadian dollar. Market Snapshot: S&P 500 & Nasdaq Futures : -0.4% EUROSTOXX 50 Futures : -0.6% EUR/USD : -0.3% to $1.1668 USD/CAD : +0.4% to 1.3704 Even as Wall Street closed at record highs overnight — fueled by Nvidia’s historic $4 trillion market cap — global risk appetite remains fragile. What to Watch: Tariff Deadline : Aug 1 — with limited time left, most doubt the U.S. can...