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.
South Korean shares fell more than 1% on Thursday, led by declines in chip and battery makers, following the overnight weakness in US tech stocks. The Korean won weakened, while the benchmark bond yield rose. Market Performance: KOSPI Index: The benchmark KOSPI fell 29.17 points, or 1.14%, to 2,539.24 by 0133 GMT. Volatility: Trading has been volatile this week, with the index experiencing a rebound after a significant plunge, the largest since late 2008. Key Stock Movements: Chipmakers: Samsung Electronics: -2.14% SK Hynix: -4.13% Battery Makers: LG Energy Solution: -2.47% Samsung: -3.96% SK Innovation: -1.53% Global Influence: US Market Impact: US stocks ended lower on Wednesday, with the Nasdaq falling 1% due to declining technology shares and weak demand in a 10-year Treasury auction, increasing investor jitters. Other Notable Stocks: Kakao: Traded marginally lower despite the e-commerce firm reporting a rise in profit. Market Breadth: Of the 935 traded issues, 259 shares adva...