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.
Asian stocks traded cautiously on Wednesday as investors weighed the lack of progress in U.S.-China trade talks and awaited the Federal Reserve’s policy announcement. MSCI’s Asia-Pacific index outside Japan rose 0.3% , supported by gains in Taiwan. Australia’s ASX 200 added 0.7% , while Japan’s Nikkei slipped 0.03% and Hong Kong’s Hang Seng fell 0.4% . The euro edged up 0.2% from a one-month low after the EU’s trade deal with the U.S. Markets Eye Fed and Tariffs The Federal Reserve is expected to leave interest rates unchanged later Wednesday, though some officials are signalling support for future cuts as tariffs add uncertainty. U.S. 10-year Treasury yields fell to 4.328% , the lowest since July 3, while two-year yields held near 3.87% . President Trump’s August 1 tariff deadline looms, with U.S.-China talks ending without major breakthroughs. Both sides agreed to seek an extension of...