KUALA LUMPUR, Nov 12 (Bernama) -- Bursa Malaysia extended its losing streak for a fourth consecutive session, closing lower on Thursday amid continued broad-based selling that weighed on market sentiment, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 9.23 points or 0.57 per cent to 1,585.96 from Wednesday's close of 1,595.19. The benchmark index opened 3.61 points lower at 1,591.58 and fluctuated between an intraday low of 1,583.66 and a high of 1,592.89 throughout the day. Market breadth remained negative with losers thumping gainers 799 to 318, while 476 counters were unchanged, 1,181 untraded and 13 suspended. Turnover climbed to 3.06 billion units valued at RM2.56 billion compared with yesterday’s 2.90 billion units valued at RM2.33 billion.
The US is taking a dual-track approach toward Iran , combining potential sanctions relief with aggressive tariff threats on countries supplying weapons , adding another layer of uncertainty to global trade and geopolitics. Mixed Signals: Diplomacy and Escalation Donald Trump indicated that Washington is open to discussing tariff and sanctions relief with Iran , acknowledging a key demand from Tehran as part of ongoing ceasefire negotiations. This marks a notable shift, as Iran has been under heavy economic sanctions since 2018 , following the US withdrawal from the nuclear agreement. At the same time, Trump issued a stark warning: countries providing military support to Iran could face 50% tariffs on all exports to the US . Tariff Threat Faces Legal Constraints Despite the strong rhetoric, the administration’s ability to implement such tariffs immediately is uncertain. A recent US Supreme Court ruling limits the president’s aut...