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.
Summary Wall Street investors are increasingly rotating money out of US equities and into global markets , drawn by lower valuations, policy stimulus abroad, and a weaker US dollar . While the US remains a core holding, its dominance is no longer seen as unchallenged. What’s Driving the Shift After years of heavy concentration in US mega-cap tech, investors are broadening their horizons as America’s valuation premium narrows . Key catalysts include: Fiscal stimulus in Japan Surging defence and infrastructure spending in Europe Attractive valuations across emerging markets A weaker US dollar boosting foreign equity returns Keith Lerner of Truist summed it up: “It’s no longer just a US story.” Global Markets Take the Lead Several international benchmarks have outperformed US indexes in 2026 so far , including: Stoxx Europe 600 Kospi MSCI Emerging Markets Index Japan’s rally gained further momentum after Prime Minister Sanae Takaichi secured a deci...