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.
Top U.S. and Chinese economic officials met in Stockholm on Monday for a crucial round of trade negotiations aimed at extending the tariff truce between the two nations. The meeting, lasting over five hours, signals both sides are racing to strike a deal before the August 12 deadline . What Happened: Key attendees: U.S. Treasury Chief Scott Bessent and Chinese Vice Premier He Lifeng. Venue: Rosenbad, the Swedish prime minister’s office. Negotiators left without comment; talks will resume Tuesday. The aim: Extend the truce by another three months to avoid U.S. tariffs snapping back to higher levels. President Donald Trump, speaking separately, urged China to further open its economy. Without an agreement, analysts warn of major disruptions to global supply chains. Why It Matters: The U.S. temporarily paused tech export restrictions to China to keep talks alive and pave the way for a potential Trump-Xi meeting later this year . Semiconductor giants like ...