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.
Mexican President Claudia Sheinbaum has vowed retaliatory tariffs if US President-elect Donald Trump enforces his proposed 25% across-the-board tariff , a move Mexico warns could cost the US 400,000 jobs and significantly increase consumer prices. Key Points: Tariff Impact: Mexico’s Economy Minister Marcelo Ebrard highlighted that the tariffs could harm US automakers like Ford , General Motors , and Stellantis , with pickup truck prices expected to rise by US$3,000 . Barclays analysts predict the tariffs could "wipe out all profits" for Detroit's automakers. The automotive sector, Mexico’s largest manufacturing industry, accounts for 25% of North American vehicle production . Retaliation: Mexico is preparing its own tariff measures against the US, despite Sheinbaum's preference for regional cooperation over conflict. Trump’s Stance: Trump insists the tariffs aim to control...