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.
China has warned Japan of severe economic retaliation if Tokyo proceeds with further restrictions on the sales and servicing of chipmaking equipment to Chinese companies. This stance complicates ongoing US-led efforts to limit China's access to advanced technology. Senior Chinese officials have conveyed this message in recent meetings with their Japanese counterparts, according to people familiar with the matter. Key Takeaways: Potential Economic Retaliation : China's warning to Japan is seen as a direct response to US pressure on its allies to curtail technology transfers to Chinese firms. A specific concern for Japan, highlighted by Toyota Motor Corp., is that Beijing might restrict access to critical minerals essential for automotive production if Japan tightens chip-related exports. This mirrors past incidents, such as in 2010 when China temporarily halted rare earth exports to Japan after a territorial dispute. Japan's Delicate Balancing Act : Japan faces a challenging...