KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
What's Happening:
Trump is likely ending the 90-day tariff pause on July 9.
Instead of extending negotiations, he plans to impose tariffs unilaterally, ranging from 20%-50%, depending on trade deficits and how countries treat U.S. interests.
Potential Market Impact:
Manufacturing & Industrial: New tariffs could increase input costs, squeezing margins.
Agriculture: Higher tariffs may invite retaliatory measures, hurting U.S. farm exports.
Retail & Consumer: Potential rise in imported goods prices, adding inflationary pressures.
Currency Markets: Trade tensions often push USD higher, weigh on emerging market currencies.
Key Dates:
July 9: Watch for formal announcement or extension.
Money Master Take:
Tariffs could be used as a tool for negotiation leverage ahead of elections.
Monitor companies with large overseas exposure, particularly in China, India, EU markets.
Keep an eye on commodities, especially those sensitive to global supply chain disruptions.
Bottom Line: Prepare for volatility. Consider hedging strategies or rotating into sectors less sensitive to tariffs (e.g., domestic services, tech with lower supply chain risk).
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