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.
Key Developments: Trump’s tariffs take effect: 25% duties on imports from Mexico and Canada , while China faces a 20% tariff increase on top of existing levies. China retaliates with 10%-15% tariffs on US goods and export restrictions on 25 US firms. Canada and Mexico vow countermeasures , with C$30 billion in immediate retaliatory tariffs from Ottawa. Market turmoil ensues , as global stocks slide and investors flee to safe-haven assets. US recession fears rise , with businesses warning of supply chain disruptions and higher consumer prices . North America: Trade Friction with Allies Canada’s Swift Response Prime Minister Justin Trudeau condemned the tariffs, calling them a violation of the US-Mexico-Canada Agreement (USMCA) . Canada retaliates with 25% tariffs on C$30 billion (US$20.7 billion) in US goods , targeting: Beer, wine, and bourbon Home appliances Florida orange juice Ontari...