KUALA LUMPUR, Sept 2 (Bernama) -- Bursa Malaysia ended higher on Wednesday on bargain hunting following the recent sell-off, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision on Thursday. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.20 points 1,708.74, compared with Tuesday’s close of 1,700.54. The benchmark index opened 0.42 of a point better at 1,700.96 and fluctuated between 1,695.89 and 1,709.71 throughout the day. On the broader market, losers trounced gainers 746 to 424, while 554 counters were unchanged, 1,048 untraded and 17 suspended. Turnover declined to 4.20 billion units valued at RM3.52 billion from 5.52 billion units valued at RM4.42 billion on Tuesday.
Quick Summary US cuts tariffs on Indian goods to 18% from as high as 50% India agrees to stop buying Russian oil , easing US–India tensions India pledges major US purchases , including energy and technology Markets rally : Indian equities and rupee surge on relief trade What Happened US President Donald Trump said he will lower tariffs on Indian goods to 18% after a call with Prime Minister Narendra Modi , linking the move to India’s agreement to halt purchases of Russian oil . Washington is also removing an extra 25% duty imposed earlier over India’s Russian crude imports, according to officials. Why It Matters Overall levies fall from ~50% to 18% , a major relief for Indian exporters Textiles, machinery and labor-intensive goods benefit the most India sends nearly 20% of its exports to the US , its largest market The deal eases pressure on India’s manufacturing ambitions Trump said India would also reduce tariffs ...