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.
Donald Trump , the Republican presidential candidate , has reignited his stance on South Korea’s financial contribution to host US troops , stating that South Korea should pay significantly more if he returns to the White House. He described the nation as a "money machine" and claimed that they would willingly pay US$10 billion annually to keep US military forces stationed there. Trump's remarks come shortly after a new five-year cost-sharing agreement was reached between the US and South Korea , where Seoul agreed to raise its contribution to 1.52 trillion won (US$1.13 billion) by 2026. This deal increases South Korea’s payment by 8.3% compared to this year. During his presidency, Trump pushed for South Korea to contribute US$5 billion , far higher than the US$1 billion previously agreed upon. He has consistently criticized US allies for not spending enough on defense arrangements and emphasized that North Korea's nuclear capabilities justify higher paymen...