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.
Asian markets fell on Tuesday as investors reassessed the long-term impact of the new U.S.-EU trade deal and the reality that higher tariffs are here to stay , raising concerns over global growth and inflation. Key Market Moves MSCI Asia-Pacific ex-Japan: Down 0.7% Japan’s Nikkei: -0.8% China Blue Chips: -0.1% Euro: Flat at US$1.1592 after its biggest drop since May (-1.3% overnight) Brent Oil: +0.1% to US$70.10 , following a 2.3% jump Monday Tariff Shock The U.S.-EU pact avoided the worst-case scenario but imposed a 15% levy , up sharply from the 1–2% rates before Trump took office. Trump warned of a potential 15–20% “world tariff” on countries without deals, the highest global rate since the 1930s. JPMorgan economists said the move is “a significant tax increase on EU exports” and “unwinds a century of U.S. leadership in free trade.” Other Market Drivers Oil Prices: Spiked on Trump’s 10–12 day deadline for R...