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.
The fate of TikTok’s U.S. operations could soon shift again, as President Donald Trump confirmed on Friday that formal negotiations with China are set to resume early next week. Speaking aboard Air Force One, Trump stated that discussions could begin as soon as Monday or Tuesday , potentially involving Chinese President Xi Jinping or his representatives. “We pretty much have a deal,” Trump told reporters, referring to a long-awaited plan to divest TikTok’s U.S. assets from its Chinese parent, ByteDance , into a new U.S.-controlled entity. A Deal Delayed — and Revived The TikTok restructuring deal had stalled this spring after China signaled resistance to approving any forced divestiture, especially amid escalating U.S. tariff threats . The Biden-era negotiations were originally aimed at transferring TikTok’s U.S. operations into a majority American-owned and operated company — a structure designed to address d...