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.
Simple Summary Rupee posts its biggest gain in over three years Indian stocks jump the most since 2021 US slashes tariffs on Indian goods to 18% Deal removes a major overhang on Indian markets What Happened Indian markets roared higher after US President Donald Trump announced a sharp tariff cut on Indian goods to 18% , down from 25%, while also scrapping an additional 25% levy tied to India’s purchases of Russian crude. Market Reaction Nifty 50 Index: +5% intraday (biggest jump since 2021) Indian rupee: +1.2% to 90.46/USD , its strongest move in more than three years The deal delivered much-needed relief to the rupee, which had been Asia’s worst-performing currency in January . Why It Matters India sends a large share of exports to the US Tariffs had weighed on equities, currency and foreign inflows The agreement lifts a key source of uncertainty for investors “The deal finally provides some rel...