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.
AUG 1 DEADLINE LOOMS, BUT THE DOOR TO NEGOTIATIONS STAYS OPEN U.S. President Donald Trump has officially unveiled a new round of tariff demands, escalating trade tensions across Asia — but in a move watched closely by investors and governments alike, he signaled that the Aug. 1 deadline is “firm, but not 100% firm.” Who’s Hit — and How Hard? Japan & South Korea: 25% tariffs South Africa: 30% Malaysia, Myanmar, Laos, Indonesia, Thailand: Fresh levies unveiled Warning issued: Transshipped goods from China to avoid tariffs will still be penalized This latest round is part of Trump’s broader trade offensive aimed at reducing Chinese trade influence through third-party countries. Market Reactions S&P 500 fell 0.8% Korean won emerged as Asia’s best-performing currency Asian equity markets traded in a tight range , reflecting investor caution Australian bonds dipped and AUD strengthened ahead of a rate cut decision ASEAN in th...