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.
Talos Trading Inc , a New York-based software provider for digital-asset trading , plans to double its Asia-Pacific (Apac) headcount within the next 12 months. Talos views Asia as a key market due to the region's strong crypto presence and regulatory clarity in jurisdictions such as Hong Kong, Singapore , and Japan . “Asia punches above its weight in terms of contribution to the bottom line of global digital-asset companies,” said Samar Sen , Talos’ head of Apac. Many of Talos’ top clients by trading volume are based in Asia, and the company’s hiring focus will be on business development, client services , and product and engineering roles . Despite the US being a major hub for digital assets, a Securities and Exchange Commission (SEC) crackdown has shifted momentum to Asian hubs . Prominent players like OKX , Coinbase Global , and GSR Markets have obtained Singapore permits , while Hong Kong has rolled out crypto-focused exchange-traded funds alongside its licensing regim...