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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.

European Stocks Slip After Record Run; Gold Holds Firm Above US$4,000

European markets opened lower Thursday as investors locked in profits from recent record highs and weighed growing geopolitical risks, while  gold prices held steady above US$4,000  amid continued safe-haven demand. Market Overview STOXX 600 : -0.3% at 0903 GMT FTSE 100 : -0.3%, dragged by  HSBC  and  Lloyds , offset by mining and tech gains MSCI World Index : Flat Investor sentiment turned cautious after Wall Street and Asian markets hit record highs on AI optimism. The ongoing  U.S. government shutdown , political uncertainty in  France  and  Japan , and warnings from global bankers added to the risk-off tone. “The mood is fragile — we’re not getting much substance to market moves because U.S. data is missing,” said Fiona Cincotta, senior analyst at City Index. Gold and Currencies Gold : Steady at  US$4,041.29/oz , supported by safe-haven flows and a weaker dollar. Dollar Index : +0.1% at  99.97 , still down nearly 9% YTD. Euro : ...

Asian Markets Slip While European Futures Climb: Markets Wrap

Asian stocks have taken a breather from a recent tech rally after President Trump’s executive order restricted Chinese spending in key U.S. sectors, while European futures, notably in Germany, are gaining ground amid positive political developments. Key Market Performances Winners: European Equity Futures: Germany’s benchmark index futures have risen following a strong performance by the conservative party in the federal election. Euro: The euro strengthened, reflecting improved sentiment in Europe. Strugglers: Asian Technology Stocks: Shares in mainland China and Hong Kong reversed sharply, with significant declines seen in giants like Alibaba Group and Tencent Holdings. Asian Equity Futures: Equity index futures for markets such as Australia and Hong Kong have fallen, offsetting a recent four-month high. Growth Drivers and Challenges Regulatory Pressure: President Trump’s directive for the Committee on Foreign Investment in the United States to restrict Chinese spending on technology...