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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.

French Wine Exports Sour as US, China Trade Tensions Bite

Quick Summary French wine and spirits exports  fell for a second straight year , hit by  weak global demand ,  trade wars , and  policy headwinds from the US and China . What Happened Exports  dropped 8% to €14.3 billion  in 2025 Down from  €15.6 billion in 2024 Export volumes fell ~3% , signalling both price and demand pressure According to France’s wine and spirits exporters federation (FEVS), the downturn reflects  geopolitical tensions, trade conflicts, currency swings, and declining consumer confidence . Where the Pain Is Coming From Exports to China:   -20% , after Beijing imposed  anti-dumping measures on EU brandy Exports to the US:   -21% , following  tariffs imposed under the Trump administration Key issue:  Two of France’s biggest buyers are simultaneously pulling back. Structural Challenges Add Pressure France’s wine industry is also grappling with: Weak global alcohol consumption trends Extreme weather affecti...

S&P 500 Falls Into Correction Territory as Trump's Trade War Escalates: Here's What History Says Could Happen Next

The  S&P 500 Index  officially entered  correction territory  on Thursday, marking a swift 10% decline from its recent high. This decline was driven by escalating global trade tensions, particularly due to President  Donald Trump's aggressive tariff policies. Quick Fall Into Correction The  S&P 500  fell  1.4%  on Thursday, closing at  5,521.52 . This drop pushed the index more than  10%  below its recent peak of  6,144.15 , which was reached on  February 19 . The correction took only  16 trading days , making it the fastest peak-to-correction decline since the onset of the COVID-19 pandemic in March 2020. What History Tells Us Historically, the market tends to experience some turbulence after entering correction territory: In the  first month  after a correction, the S&P 500 typically shows an average  negative return  of  1.7% . However,  stocks tend to recover  ov...