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.
Canada and the European Union have announced retaliatory tariffs in response to Donald Trump’s latest trade measures, intensifying the global trade war . Key Developments : Canada’s Response : Canada has imposed 25% tariffs on about C$30 billion ($20.8 billion) worth of U.S.-made goods , including steel, aluminum , and consumer products like computers and sporting goods . This measure directly counters Trump’s tariffs aimed at revitalizing America’s steel industry . Canada matched the tariffs “dollar for dollar” but delayed implementation, offering Trump a window to avoid further economic damage. EU Retaliation : The European Union has also retaliated with its own duties on up to €26 billion ($28.3 billion) worth of American goods . While the U.K. remains a steadfast ally of the U.S. in trade talks, the ...