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.
The term “内卷” (neijuan) , or “involution,” refers to relentless competition that leads to stagnation instead of progress—think firms slashing prices to survive rather than innovate or grow. This phenomenon has become especially toxic in China’s high-stakes sectors like: Solar energy New energy vehicles (NEVs) Steel, cement, aluminum Chemicals Even downstream consumer sectors like food and healthcare Stock Market Response: A-Shares Take the Lead Investors are starting to price in change. July saw the CSI 300 Index (onshore A-shares) outperform the Hang Seng China Enterprises Index , marking a turnaround in sentiment. Notable winners: Liuzhou Iron & Steel (+50%) Angang Steel (+16%) Xinjiang Daqo New Energy & Tongwei (+19%+) Cement, glass, and chemical stocks also rallied Morgan Stanley even shifted its preference toward onshore equities , citing improved confidence. Will This Be 2015 All Over Again? Vete...