KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 billion.
Malaysia is stepping up efforts to strengthen trade and investment ties across Southeast Asia as new U.S. tariffs take effect.
Finance Minister II Datuk Seri Amir Hamzah Azizan met with leaders from the EU-Asean Business Council (EU-ABC) and US-Asean Business Council (US-ABC) on Tuesday to explore fresh initiatives to attract investors and grow regional trade.
“The meetings were productive. We discussed new ideas that could help increase intra-Asean trade,” Amir told Bernama after the bilateral sessions.
Tackling Tariff Challenges
Beyond new trade initiatives, Malaysia also sought US-ABC’s support to navigate the impact of the latest U.S. tariffs. These discussions are part of the country’s efforts to protect and sustain business growth under changing global trade policies.
Amir expressed hope that Asean countries would reach a unified stance on trade issues during three key meetings scheduled Wednesday with the EU-ABC, US-ABC, and Asean Business Advisory Council.
“We’re looking for ways to better connect industries across borders and support mutual growth,” Amir said.
Eyes on Regional Growth
The high-level meetings will focus on financial strategies to keep Southeast Asia attractive for global investors, especially as countries adjust to the ripple effects of the new U.S. trade barriers.
With the chairmanship of these meetings in Amir’s hands, Malaysia aims to lead the conversation on cross-border trade, regional cooperation, and smart economic solutions.
“I look forward to positive outcomes and mutual agreements that will benefit all parties,” he added.
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