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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.
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Japanese Stocks Rise as BOJ Outlines Gradual ETF Unwind

Japanese equities opened higher Monday after the Bank of Japan (BOJ) unveiled a long-term, gradual plan to reduce its massive exchange-traded fund (ETF) holdings. Market Snapshot Nikkei 225 : +147.97 points (+0.32%) to 45,193.77 at open. BOJ plan : Reduce ETF holdings by ~620 billion yen (market value) annually. Impact : Removes a key market overhang that had weighed on sentiment. Context The BOJ’s gradual pace signals a careful approach to avoid destabilizing markets. Investors see the move as reducing uncertainty while keeping liquidity intact. Meanwhile in the US, tech companies face challenges after Trump proposed a  $100,000 H-1B visa fee , shaking an industry reliant on global talent. Key Takeaway The BOJ’s slow-and-steady unwind reassured markets, lifting Japanese equities. The Nikkei 225 gained at the open, supported by easing concerns about the central bank’s heavy ETF footprint.
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Japanese Stocks Rise as Yen Weakens After US Jobs Data Boosts Optimism

  Japanese stocks surged on Monday following the yen's sharp decline against the dollar after a strong US jobs report . The Nikkei 225 Stock Average jumped 2% to 39,408.59 , and the Topix index rose 1.5% to 2,735.15 in early trading. The yen fell to 149.13 per dollar , its weakest level since mid-August, after dropping more than 1% on Friday. The positive reaction stems from the strengthening US economy and a growing rate gap between the US and Japan , according to Shoji Hirakawa , chief global strategist at Tokai Tokyo Intelligence Lab Co. The Nikkei futures also rose 2.5% following the report showing 254,000 new US jobs in September , the highest in six months, alongside a drop in the unemployment rate. The yen's weakness benefits export-driven Japanese companies , particularly in the automobile and technology sectors , which were pressured last week by volatility in the currency.
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Japanese Stocks Rally, Yen Falters as BOJ Rate Hike Bets Fade

  Japanese stocks surged while the yen weakened on Thursday as expectations for further tightening in Japan's monetary policy faded. The Nikkei index jumped 2.2% , buoyed by a weaker yen, which improved the outlook for Japanese exporters. In contrast, MSCI’s Asia-Pacific index (excluding Japan) dropped 1%, and Hong Kong's Hang Seng fell 2.5%, taking a breather after a significant rally. The yen dropped 2% overnight , with the dollar rising 0.3% to 146.84 yen, following comments by Japan’s newly-elected Prime Minister Shigeru Ishiba and Bank of Japan Governor Kazuo Ueda , signaling no immediate rate hikes. Analysts believe this marks a shift in the BOJ's policy stance, likely delaying any tightening until 2025 . Futures indicate less than a 50% chance of a 10 basis point hike by December , with rates expected to remain low at 0.25% until the end of next year. Meanwhile, China’s mainland markets were closed for a holiday, and Hong Kong's Hang Seng declined after ...
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