KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Asian markets are set to rally Thursday, following a tech-driven boost on Wall Street that sent the S&P 500 up 0.6% and the Nasdaq 100 up 0.7%, with Nvidia hitting a record-breaking US$4 trillion valuation.
Despite fresh tariff threats from President Trump—including a steep 50% tariff on Brazilian imports—investors appeared to look past trade war fears and instead focused on resilient corporate earnings and the AI boom. Bitcoin also surged past US$112,000, signaling continued risk appetite.
Highlights:
Futures in Japan and Australia are rising; Hong Kong remains flat.
Treasury yields fell after a strong US$39 billion 10-year bond auction.
Fed minutes showed division over inflation risk from tariffs.
CNN’s Fear & Greed Index is now signaling extreme greed.
Gold up 0.4%, oil and the dollar stayed flat.
What to watch next:
South Korea rate decision
China’s money supply data (due by July 15)
20-year Japanese government bond auction
Bottom line?
Markets are rallying on AI optimism and solid earnings, with investors seemingly tuning out Trump’s tariff noise—for now.
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