KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
Starbucks baristas represented by the Workers United union began a five-day strike in Los Angeles, Chicago, and Seattle on Friday, citing unresolved disputes over wages, staffing, and schedules. The action involves over 10,000 workers and comes amidst rising labor activism in the service industry. Key Issues and Background Labor Actions Surge: This strike follows a year of significant labor movements, with industries like automotive, aerospace, and rail seeing notable concessions won by workers. In 2023, there were 33 work stoppages , the highest since 2000. Negotiations Stalled: Talks between Starbucks and Workers United began in April , but the union claims the company has yet to propose a serious economic offer with just two weeks left before the year-end contract deadline. Starbucks insists it has reached agreements on over 30 topics in nine bargaining sessions. Union Demands: The union is pushing fo...