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.
Global markets were jolted out of a prolonged period of low volatility after a sharp risk-off move rippled across equities, bonds and currencies, driven by renewed geopolitical fears tied to Greenland and mounting stress in Japan’s bond market. After weeks of steady gains and narrow trading ranges, investors were forced to reassess risk as President Donald Trump escalated threats to impose tariffs on European allies in pursuit of control over Greenland, reigniting concerns of trade friction and capital outflows from US assets. What Moved the Markets US stocks: Benchmark indices fell more than 2% , marking one of the sharpest pullbacks in recent months Dollar: Weakened against most major currencies US Treasuries: 30-year yields climbed toward 5% Gold: Rose to a record high , reflecting demand for safe havens Volatility: The VIX Index surged to its highest level since November The selloff ended an unusually calm stretch tha...