KUALA LUMPUR, Jan 7 (Bernama) -- Bursa Malaysia’s benchmark index rebounded from earlier losses to close at its intraday high on Wednesday, gaining 0.27 per cent in late trading as buying interest returned to selected heavyweights. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 4.48 points to 1,676.83 from Tuesday’s close of 1,672.35. The benchmark index opened 0.88 of-a-point lower at 1,671.47 and subsequently hit a low of 1,665.94 during the mid-morning session before gaining momentum toward closing. On the broader market, losers led gainers by 565 to 512, while some 526 counters were unchanged, 1,046 untraded, and 10 suspended. Turnover improved to 2.73 billion units worth RM2.76 billion versus Tuesday’s 2.66 billion units worth RM2.76 billion. Dealers said that investors were cautious following geopolitical developments in Asia.
Malaysia has cautiously welcomed the US pause on reciprocal tariffs, but Trade and Investment Minister Tengku Zafrul warns that ASEAN economies remain under pressure from the unpredictability of US trade policy.
What Happened:
President Donald Trump’s decision to delay higher tariffs on some trading partners offered temporary relief.
However, the escalation of the US-China trade dispute continues to fuel global market volatility.
Malaysia’s Response:
“Nothing is certain but uncertainty,” said Minister Tengku Zafrul, summing up the current US trade environment.
The issue will be a key agenda item at the ASEAN Economic Ministers' Meeting, chaired by Malaysia.
Malaysia is committed to ASEAN unity in dealing with external trade shocks and seeks balanced, predictable trade policies.
Strategic Moves by Malaysia:
Trade diversification: Exploring new markets and deepening existing ties
Economic reforms: Pushing forward with policies to boost national competitiveness
Open engagement: Staying a reliable partner to both the US and China, advocating for mutually beneficial trade
The Bigger Picture:
ASEAN nations face growing pressure to respond collectively as US policies shift rapidly.
Malaysia emphasizes regional resilience, integration, and collaboration, calling for shared values in trade partnerships.
The tariff pause is a relief, but US trade unpredictability remains a key challenge for ASEAN. Malaysia is taking proactive steps to stay resilient and keep its economy competitive and connected to the global market.
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