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.
President Donald Trump has surprised the trade and logistics world once again. His administration widened steel and aluminum tariffs to cover more than 400 consumer products , ranging from motorcycles and auto parts to baby booster seats and tableware . The change, which took effect immediately on Monday , left importers scrambling, as even goods already in transit were not exempt. What Changed? New scope: Items containing steel or aluminum — even in packaging or small components — are now subject to tariffs. Products affected: Auto parts, chemicals, plastics, furniture components, motorcycles, baby gear, and more. Implementation shock: Customs brokers say this was a “gotcha” move with no grace period for in-transit goods. As one logistics executive put it: “If it’s shiny, metallic, or remotely related to steel or aluminum, it’s probably on the list.” Impact on Business Compliance nightmare: Importers now need to track exact me...