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.
Brussels Eyes Stronger Trade Defenses The European Commission is preparing to impose tariffs ranging between 25% and 50% on Chinese steel and related products in the coming weeks, according to a report by German daily Handelsblatt , citing senior Brussels officials. The move underscores Europe’s determination to protect its steelmakers from mounting pressure caused by global oversupply and China’s aggressive export push. The Commission declined to comment on the report. Protecting Producers Amid Decarbonisation Push Earlier this month, Commission President Ursula von der Leyen said Brussels would introduce a new framework to curb steel imports. She emphasized the need to safeguard European producers as they invest heavily in decarbonisation technologies , warning that persistent global overcapacity is squeezing industry margins. Under World Trade Organization (WTO) rules, the EU cannot extend existing safeguard measures beyond ...