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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.

Wall Street Today: Major Indexes Slip as Apple, Nvidia Retreat; Tesla Shines

 Index Performance U.S. equities fell for a second straight session on Wednesday, dragged lower by weakness in  Apple  and  Nvidia , even as  Tesla  provided some relief. Dow Jones Industrial Average (DJIA) : -154.75 points (-0.4%) to  46,121.28 Nasdaq Composite : -75.62 points (-0.3%) to  22,497.86 S&P 500 : -18.95 points (-0.28%) to  6,637.97 The pullback comes just two days after all three benchmarks set fresh records on Monday. Magnificent Seven Mixed Among the market’s most influential stocks: Apple (AAPL)  fell  0.83% Nvidia (NVDA)  slipped  0.82% Alphabet (GOOGL)  dropped  1.8% Amazon (AMZN)  eased  0.2% By contrast,  Tesla (TSLA)  jumped  4% , buoyed by a  25.3% weekly rise in European registrations , a positive sign after months of softer sales in the region.  Meta Platforms (META)  rose  0.7% , while  Microsoft (MSFT)  edged up  0.2% . Stan...

CATL’s €7.3B Hungary Plant to Start Production by Early 2026

Key Takeaway Chinese battery giant  CATL will begin production at its new Hungary plant within 4–5 months , earlier than its previous 2025-end target. With  €7.3 billion invested , the facility is set to become CATL’s largest in Europe, supplying automakers like BMW, Stellantis, and Volkswagen. Details of the Expansion Location:  Debrecen, Hungary Investment:  €7.3 billion (US$8.55B / RM36.08B) Scale: Annual capacity of  100 GWh , with a planned  9,000-strong workforce Timeline: Production expected to start  late 2025 or early 2026 Comparison: The plant will  dwarf CATL’s Thuringia facility in Germany This project underscores CATL’s aggressive push to strengthen its footprint in Europe. Market Context CATL commands a  38% global EV battery market share in 2024 , up from 36% in 2023 (SNE Research). The company raised  US$4.6 billion  in its May Hong Kong IPO to help fund this project. Despite  sluggish EV demand in Europe , CATL...