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.
Typhoon Yagi, the strongest in Asia this year, has caused significant damage to factories and warehouses in northern Vietnam's export-driven industrial hubs, resulting in potential disruptions to global supply chains. The severe weather has led to deadly floods and landslides, killing dozens and devastating infrastructure, including power networks and roads. Key Takeaways: Severe Damage to Factories and Warehouses : Many factories and warehouses in Haiphong, a major industrial hub, have been severely impacted. Facilities experienced blown-off roofs, collapsed walls, and flooding. In the coastal city, around 20 of the 150 investors' plants will be out of operation for at least a few weeks. LG Electronics partially resumed operations on Tuesday after its factory sustained significant damage. Global Supply Chain Implications : The disruptions could affect supply chains worldwide, as Vietnam hosts large-scale operations for multinationals exporting products to the US, Europe, and o...