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.
Trump Revives Tariff War: US Launches Trade Probes Targeting China, EU — Malaysia & Singapore Included
The US has kicked off sweeping trade investigations that could pave the way for new tariffs, putting China, the European Union — and key Southeast Asian economies including Malaysia and Singapore — directly in focus. US Launches Section 301 Trade Investigations Office of the United States Trade Representative ( USTR), led by Jamieson Greer , announced probes under Section 301 of the Trade Act , targeting alleged excess manufacturing capacity. Major economies under investigation include: China European Union Japan South Korea Taiwan India Mexico Southeast Asia is also in the crosshairs: Malaysia Singapore Vietnam Tha...