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.
Singapore 's Deputy Prime Minister, Gan Kim Yong , has issued a stark warning about the potential ripple effects of escalating tariffs, particularly those imposed by the U.S. under President Donald Trump , on global economic growth. His comments reflect growing concerns across Asia , a region highly reliant on trade. Key Highlights: Tariff Concerns : Gan expressed anxiety over the U.S. tariffs on its three largest trading partners — China , Canada , and Mexico — and the prospect of further tariff measures. He cautioned that these actions could lead to a cascade of retaliatory tariffs , significantly disrupting global supply chains and hindering trade and investment flows. Global Economic Impact : According to Gan, the rise in tariffs and the ongoing trade wars could severely slow down global economic growth , even for countries that are not directly affected by these tariffs...