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.
China’s commerce minister, Wang Wentao , stated on Wednesday that Beijing will continue to negotiate "until the last minute" regarding the European Union's (EU) investigation into electric vehicle (EV) subsidies , which is seen as a threat to Chinese investments in Europe. Speaking at a China-Europe EVs event in Brussels, where top executives from both Chinese and European EV industries gathered, Wang emphasized the need to resolve the anti-subsidy case that has raised tensions between the two sides. The meeting comes ahead of Wang's scheduled talks with European Commission trade commissioner Valdis Dombrovskis on Thursday to address escalating trade concerns. The European Commission is set to propose tariffs of up to 35.3% on Chinese-built EVs, in addition to the EU’s standard 10% import duty on cars. The final decision on these tariffs will be made after a vote by the EU’s 27 members on September 25. The tariffs could take effect by the end of October unle...