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.
The Trump Administration is set to double tariffs on Indian imports to 50% , effective Aug 27, 2025 , escalating trade tensions as part of its bid to pressure Moscow over the stalled Ukraine peace process. Key Details Tariff Implementation : Department of Homeland Security notice confirms the 50% levy applies to all Indian products entered for U.S. consumption after Aug 27, 12:01 a.m. EDT . Policy Driver : Tariff escalation linked to India’s continued purchases of Russian oil , which Washington argues undermines sanctions pressure on Moscow. Geopolitical Backdrop : Trump has attempted to broker a Putin–Zelenskiy meeting but acknowledged Monday it may not happen, citing Putin’s hostility toward Ukraine’s president. Market & Economic Implications India : Tariff shock threatens key export categories (pharmaceuticals, textiles, IT services-related hardware, auto parts). Exporters face a sudden margin squeeze and potential rerouting of supp...