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.
India and Singapore have signed agreements to enhance collaboration in semiconductors and digital technologies, positioning themselves as significant players in a reshaped global chip supply chain amid US-China tensions. Key Highlights: Strengthening Chip Ties : During Indian Prime Minister Narendra Modi's two-day visit to Singapore, the two countries agreed to cooperate on semiconductor talent development, chip design, and manufacturing, and to encourage Singaporean tech investment in India. They will also enhance collaboration in cybersecurity, 5G networks, supercomputing, and artificial intelligence (AI). Strategic Positioning in Global Chip Supply Chain : As geopolitical tensions between the US and China disrupt the global chip market, India and Singapore are positioning themselves as beneficiaries. Both nations are looking to leverage the creation of stand-alone supply chains by China and Western countries, which could lead to new business opportunities in a market projected t...