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.
Geopolitical Risk Alert: U.S.–EU Trade Tensions Escalate The European Union is drawing up a new retaliatory tariff list worth $84B in American goods — including aircraft, alcohol, coffee, and medical devices — in response to President Trump's threat of 30% blanket tariffs on EU imports, set to begin Aug. 1 if no trade deal is reached. What’s in the EU’s Tariff Crosshairs? $77B industrial goods : aircraft, autos, machinery, plastics, medical devices $7B food & agri : wine, beer, spirits, fruits, coffee Potential escalation : Legal tools like the anticoercion instrument could target: U.S. digital services & advertising IP rights restrictions Public tender bans on U.S. firms Timeline & Negotiation Status A prior $24B retaliation package was paused in April, and remains on hold until early August. The new $84B package has been trimmed down from $111B after consultations and still needs form...