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.
Markets across Asia saw cautious gains on Tuesday as global investors watched closely for updates on the massive U.S. tax and spending bill. Meanwhile, the U.S. dollar weakened, and gold prices jumped on uncertainty. Key Takeaway: Cautious Optimism Amid Washington Gridlock While Asian shares edged up , the momentum was tempered by political delays in Washington. Investors had been expecting a vote on President Trump’s US$3.3 trillion tax-and-spending bill , but prolonged debate over amendments held things back. Japan's Nikkei slipped as much as 1.1% as the yen strengthened , while the Kospi led gains , up 1.8%. Money Master Take: Risk Assets Pause as Policy Risks Rise The world is watching Capitol Hill. Until the fate of the “ one big beautiful bill ” is sealed, expect market jitters . While Asian equities remain resilient , the weaker dollar and gold rally suggest a rising appetite for safety amid fiscal concerns....