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.
Top Trade Envoy Signals Hope — But Time Is Running Out South Korea is racing against the clock to secure a last-minute trade deal with the US before Donald Trump’s 25% tariff on Korean exports kicks in on Aug 1 . Trade Minister Yeo Han-koo said on Monday there's a real chance to strike an “agreement in principle” before the deadline, with further negotiations to follow. “Twenty days are not enough for a perfect treaty,” Yeo admitted, “but a foundational agreement is still possible.” Why It Matters for Investors The proposed 25% tariffs threaten South Korea’s key exports like automobiles and steel , which are major drivers of its GDP and global supply chains. A deal could ease pressure on Korean equities , particularly automakers (Hyundai, Kia) and industrial suppliers . The news follows months of political instability in Seoul, with President Lee Jae-myung ...