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.
Wall Street Recap : U.S. stocks saw a sharp decline on Thursday , with S&P 500 entering correction territory, down 1.39% , and the Nasdaq falling 1.96% . Trade tensions escalated, particularly over tariffs: President Trump threatened 200% tariffs on EU alcoholic beverages in retaliation to the EU’s proposed 50% duty on American whiskey. Despite positive inflation news, with the Producer Price Index staying flat, trade war fears overshadowed market sentiment. Stocks to Watch : Intel (INTC.US) surged 14.6% after announcing the appointment of Lip-Bu Tan , former Cadence Design Systems CEO , as the new chief executive . Adobe (ADBE.US) faced a steep 13.9% drop due to disappointing Q2 guidance , overshadowing better-than-expected Q1 results. Bursa Market Insight : The FTSE Bursa Malaysia KLCI rebounded 1....