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.
Investment Analysis: Tariff Warning Could Accelerate Economic Bloc Divergence President Donald Trump’s latest post-election move to penalize nations aligning with BRICS policies — by proposing a 10% blanket tariff — marks a significant escalation in global trade and currency realignment tensions. On Sunday night, Trump warned that any country supporting the "anti-American policies" of BRICS would face an additional 10% tariff. While no specific timeline or policy parameters were outlined, the announcement coincides with the ongoing BRICS summit where leaders from China, India, Brazil, South Africa, and Russia discussed a cross-border payment system , inching toward de-dollarization . This raises the stakes for countries caught between US trade access and BRICS alignment, particularly emerging markets in Southeast Asia, Africa, and Latin America that have benefitted from both US trade relations and Chinese Belt-and-Road investme...