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.
Key Takeaway: Taiwan's central bank warns of risks to Taiwan's economy from the aggressive trade policies proposed by US President-elect Donald Trump. Taiwan’s central bank cautioned on Wednesday about the potential economic impact of Trump’s incoming administration, as proposed tariffs could escalate global trade conflicts and hinder competition in the tech industry. In a report to parliament, the central bank emphasized that Trump’s 60% tariff on Chinese imports could significantly impact China, Taiwan’s largest trading partner, and thereby threaten Taiwan’s export momentum . The bank also highlighted risks from Trump’s suggested 10% universal tariff on all US imports . Trump, who takes office in January, previously criticized Taiwan’s trade practices and suggested the island should pay for US military protection. The US ran a $48 billion trade deficit with Taiwan last year, with Taiwan serving as a major semiconductor supplier to companies like Apple and Nvidia . The ce...