KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
South Korean equities are attracting global capital as the Kospi surges 33% YTD , making it the best-performing major market of 2025. The rally is being fueled by bold regulatory reforms aimed at tackling the long-standing “Korea discount” and strengthening minority shareholder rights. Key Drivers: Corporate Governance Reform: July saw lawmakers approve pivotal legal changes making boards accountable to all shareholders. Upcoming Aug 4 vote to introduce a cumulative voting system , allowing minority shareholders to pool votes and secure board representation. Proposal to limit major shareholders’ control over audit committees is also on the agenda. Treasury Stock Debate: Authorities are considering mandating cancellation of treasury shares, which chaebols have used to consolidate control without increasing actual ownership. Options range from phased cancellation to a stricter six-month retirement requirement. Treasury stock reform is viewed as critical to achieving the ...