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 stocks followed Wall Street’s lead on Tuesday, falling sharply as fears over a potential U.S. recession deepened, triggered by concerns about a wide-ranging trade war and U.S. economic slowdown . Investors sought safe-haven assets like the Japanese yen , while global stock markets continued their slide. Key Market Moves: U.S. Stock Market Woes : The S&P 500 dropped 2.7% , and the Nasdaq tumbled 4.0% —its worst one-day percentage loss since September 2022 . Futures for both indices slid by 1% in Asian trading hours on Tuesday. Asia-Pacific Stocks in the Red : Japan’s Nikkei and Taiwan's stocks plunged by about 3% , reaching their lowest levels since September . The MSCI Asia-Pacific index outside Japan dropped by more than 1% . Even Chinese stocks , which had performed well earlier this year, were not immune, with the Hang Seng In...