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.
Key Takeaway The Trump administration plans to intensify workplace immigration raids after the high-profile Hyundai case in Georgia. With nearly 500 workers arrested, the move raises questions for industries heavily dependent on immigrant labor — agriculture, hospitality, meatpacking, and even manufacturing. Investors should watch for ripple effects on labor costs, supply chains, and corporate earnings. What Happened Hyundai Facility Raid (Georgia): U.S. immigration officials arrested 475 workers , many of them South Korean nationals, for visa violations. White House Response: Border czar Tom Homan said more businesses will be targeted, calling out companies that hire undocumented workers to “pay them less and undercut the competition.” Political Context: Trump has ramped up tough immigration rhetoric, even suggesting sending federal troops to Chicago to tackle crime and illegal immigration. Industries in the Crosshairs Critics warn that large U.S. sectors ...