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.
Trump’s 30% Tariff Threat Sparks Alarm in EU Agri-Food Sector France’s iconic wine and cheese exporters are ringing alarm bells over President Trump’s proposed 30% tariff on EU goods — calling it potentially "disastrous" for the country’s agriculture industry. Jean-François Loiseau, president of ANIA , warned that the new duties would hammer France’s food export competitiveness . “It’s a real shock for milk and cheese producers,” said François Xavier Huard, CEO of dairy association FNIL , who added, “This may not be temporary.” Why It Matters for Investors The US is a key market for premium French cheeses (Brie, yogurt, butter) and wines. France’s dairy sector exports nearly 50% of its production, including €350 million/year in dairy to the US. A 30% tariff could erode demand , especially with US consumers already stretched by inflation. French food exporters may lose competitiven...