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.
Market Snapshot The United States has opened a Section 301 investigation into Malaysia , focusing on alleged excess production capacity in electronics, machinery and steel industries . The probe, launched by the Office of the United States Trade Representative ( USTR) on March 11 , is part of a broader effort by the Trump administration to address trade imbalances and potentially reinstate tariffs on foreign imports . Malaysia is among 16 economies under investigation , including China, Japan, India, Singapore, Vietnam, Taiwan and the European Union ,...