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.
Malaysia's Ministry of Investment, Trade and Industry (MITI) just dropped a regulatory bombshell: effective immediately , any export, transhipment, or transit of high-performance AI chips of US origin will now require a Strategic Trade Permit . This policy is being implemented under Section 12 of the Strategic Trade Act 2010 (STA 2010) — a "Catch-All Control" that empowers the government to regulate items not yet listed but potentially at risk of misuse or diversion for sensitive applications. 🛑 In short: No AI chip leaves or passes through Malaysia without a green light. Why Now? This comes right on the heels of the US imposing a 25% reciprocal tariff on Malaysian exports , set to start Aug 1. With bilateral negotiations ongoing, Malaysia appears to be closing potential loopholes in export control enforcement, especially amid growing geopolitical scrutiny over AI chip flows. What MITI Said: “Malaysia stands firm a...