Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
Tariffs Moving Forward Despite Trade Concerns
- Trump reiterated that tariffs on Canada & Mexico are "on time and going forward", emphasizing that past U.S. leadership allowed unfair trade deals.
- The new tariffs include:
- 25% tax on all imports from Canada & Mexico.
- 10% tax on Canadian energy imports.
- March 4 is the scheduled start date after a 30-day delay for security negotiations.
Trump’s Justification for the Tariffs
- Claims U.S. has been "mistreated" in trade and that past leaders signed bad agreements.
- Blames American leadership for allowing other countries to gain advantages in trade deals.
- Suggests that previous administrations failed to protect U.S. manufacturing and economic interests.
Market & Economic Reactions
- Tariff fears have already pressured the U.S. stock market, with concerns that trade wars could reignite inflation.
- Businesses worry about supply chain disruptions, especially in industries reliant on Canadian & Mexican imports.
- Investors are watching closely for potential retaliation from Canada & Mexico.
Summary:
- Trump confirms that tariffs on Canada & Mexico will take effect on March 4.
- He blames past U.S. leaders for unfair trade deals, not other countries.
- Markets remain uneasy about potential economic fallout.
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