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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

South Korean President Faces Impeachment After Brief Martial Law Declaration

South Korea is in political turmoil after lawmakers filed an impeachment bill against President Yoon Suk Yeol following his unprecedented declaration of martial law. The declaration, aimed at banning political activity and censoring media, was rescinded within six hours amid widespread backlash and resistance from parliament and the public. Martial Law and Impeachment Motion President Yoon announced martial law late Tuesday, citing threats from "pro-North Korean anti-state forces" and a need to protect the constitutional order. However, the move sparked outrage: Armed troops entered the National Assembly , prompting parliamentary aides to push them back using fire extinguishers. Protesters clashed with police outside. Within hours, 190 of 300 parliament members voted to nullify the declaration. Following the incident, six opposition parties filed an impeachment bill. The vote is expected later this week, with a two-thirds majority required to pass. "We couldn't ign...