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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Europe Hits Google With $3.5B Fine — Trump Says It Hurts American Jobs

 Key Takeaway The  EU fined Google $3.5 billion  for abusing dominance in digital advertising. While regulators call it a win for competition, Trump blasted the move as Europe "stealing" money that could have fueled  U.S. jobs and investments . What Happened On Friday, the  European Commission fined Alphabet’s Google $3.46 billion (≈€2.95B) . Reason: Google allegedly  favored its own adtech services  (like  Google Ads, DV360, DFP, and AdX ) over competitors. Regulators say this practice gave  AdX a big edge , letting Google charge higher fees while limiting competition for publishers and advertisers. Google now has  60 days to propose fixes  or face more regulatory action. Trump Fires Back President Trump responded sharply on social media: Claimed the EU has already taken  $16.5B from Google  over the years. Argued this money could have gone into  American investments and jobs  instead of European coffers. Called...

Trump’s Immigration Crackdown: Economic Implications

President-elect   Donald Trump’s stringent immigration policy   is expected to have significant   economic impacts , ranging from potential GDP loss to sectoral labor shortages. His plan includes curbing   illegal immigration , tightening   border security , and restricting immigration from specific countries, with   Tom Homan   appointed as "border czar" to lead these initiatives. Economic Impact Highlights: GDP Decline: Research by the  American Immigration Council  estimates the policy could reduce  US GDP  by  $1.1 trillion to $1.7 trillion . Morgan Stanley’s  2025 outlook predicts GDP growth slowing from  2.4% in 2024  to  1.9% in 2025 , and  1.3% in 2026 , citing immigration policies and elevated tariffs. Sector-Specific Fallout: Industries reliant on immigrant labor, such as  agriculture ,  landscaping ,  construction , and  hospitality , face potential  labor shortages ....