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.
Geopolitical Risk Alert: U.S.–EU Trade Tensions Escalate The European Union is drawing up a new retaliatory tariff list worth $84B in American goods — including aircraft, alcohol, coffee, and medical devices — in response to President Trump's threat of 30% blanket tariffs on EU imports, set to begin Aug. 1 if no trade deal is reached. What’s in the EU’s Tariff Crosshairs? $77B industrial goods : aircraft, autos, machinery, plastics, medical devices $7B food & agri : wine, beer, spirits, fruits, coffee Potential escalation : Legal tools like the anticoercion instrument could target: U.S. digital services & advertising IP rights restrictions Public tender bans on U.S. firms Timeline & Negotiation Status A prior $24B retaliation package was paused in April, and remains on hold until early August. The new $84B package has been trimmed down from $111B after consultations and still needs form...