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 Biden administration is finalizing additional restrictions on semiconductor equipment and AI memory chip sales to China, escalating its tech crackdown while softening earlier proposals, according to insiders. The measures could be announced as early as next week. Key Details of the Proposal: Targeted Sanctions: Focuses on two chip factories owned by Semiconductor Manufacturing International Corp (SMIC) and over 100 Chinese companies involved in semiconductor equipment manufacturing. ChangXin Memory Technologies Inc , a major AI memory chip developer, is notably omitted from the entity list . Huawei Suppliers: The US plans to sanction some, but not all, of the six suppliers tied to Huawei Technologies Co , a telecom leader central to China's tech strategy. Exemptions for Allies: Japan and the Netherlands are exempt from the Foreign Direct Product Rule (FDPR) provisions, a...