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.
President-elect Donald Trump’s pledge to impose tariffs on the United States' largest trading partners—Canada, Mexico, and China—has sent shockwaves through the auto and tech industries, as companies with significant operations in Mexico brace for potential trade wars. Impact on Asian Automakers Honda Motor : Ships 80% of its Mexican production to the U.S. . COO Shinji Aoyama warned that permanent tariffs could force the company to reconsider its manufacturing footprint. Nissan Motor : Operates two plants in Mexico, producing 505,000 vehicles in the first nine months of 2024 , including models like the Sentra and Versa for the U.S. market. Toyota Motor : Manufactures the Tacoma pick-up truck exclusively in Mexico, exporting 230,000 units to the U.S. last year , representing 10% of its U.S. sales. Mazda : Exported 120,000 vehicles from Mexico to the U.S. in 2023, with President Masahiro Moro stating that tariff resolutions require broader c...