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Market Daily Report: Bursa Malaysia Ends Higher, Extends Gains On Improving Sentiment After US Tariff Update

KUALA LUMPUR, Feb 23 (Bernama) -- Bursa Malaysia ended the first trading day of the week higher, maintaining its momentum from last week amid improving investor sentiment following the latest United States tariff announcements. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.15 points, or 0.29 per cent, to 1,757.98, compared with Friday’s close of 1,752.83. The benchmark index had opened 4.14 points higher at 1,756.97, and moved between 1,752.48 and 1,760.03 throughout the trading session. The broader market was positive, with gainers outpacing losers 584 to 520, while 537 counters remained unchanged. A total of 1,139 counters remained untraded and 24 were suspended. Turnover widened to 2.47 billion units worth RM2.65 billion compared to 2.03 billion units worth RM2.20 billion last Friday.
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US Economy Week in Review: Tariff Shock, GDP Slowdown, Recession Signals Flash

The past week delivered a powerful mix of trade tension, slowing growth, rising inflation, and recession warnings, keeping investors on edge.

Here’s what mattered most.

1️⃣ Trump’s 15% Global Tariff Faces Pushback

President Donald Trump announced a new 10% global tariff, later raised to 15%, after the Supreme Court of the United States ruled that trade authority rests with Congress — not the executive branch.

The move:

  • Drew opposition from Republican lawmakers

  • Increased legal uncertainty

  • Added to market volatility

Policy unpredictability is now a key market risk.

 2️⃣ Recession Indicator Flashes Warning

US heavy truck sales — a leading economic indicator — are weakening.

When fleets expect strong freight demand, they order trucks.
When confidence drops, capital spending freezes.

The 2025 retreat suggests:

  • Businesses are cautious

  • Forward demand expectations are softening

 Early-cycle capital spending is slowing — often a recession precursor.

3️⃣ GDP Slows, Inflation Ticks Higher

According to the Bureau of Economic Analysis:

  • Q4 2025 GDP: +1.4% (annualised)

    • Sharp slowdown

  • Fed’s preferred inflation gauge rose unexpectedly

This puts the Federal Reserve in a bind:

  • Growth is cooling

  • Inflation remains sticky

Stagflation-lite concerns are resurfacing.

4️⃣ White House Pushes Home Investor Ban

The administration is advancing plans to:

  • Ban investors owning 100+ single-family homes

  • Prevent large-scale acquisitions

The goal:
Ease housing affordability pressures.

However:

  • The policy could disrupt rental markets

  • May face legal and political hurdles

5️⃣ JPMorgan CEO Named in Trump Lawsuit

JPMorgan Chase’s legal team says CEO Jamie Dimon was wrongly included in Trump’s lawsuit.

They argue:

  • Florida state law cited does not apply

  • Case should move to federal court

Adds to legal noise around the banking sector.

Market Takeaway

This week’s theme: uncertainty everywhere.

  • Trade policy confusion

  • Slowing growth

  • Sticky inflation

  • Political and legal crosscurrents

Markets now face a critical question:

Is this a temporary soft patch — or the start of a broader downturn?

Bottom Line

The US economy is navigating:

  • Slower momentum

  • Higher policy uncertainty

  • Mixed macro signals

If recession indicators strengthen and tariffs escalate, volatility could intensify quickly.

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