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.
Mexican President Claudia Sheinbaum has vowed retaliatory tariffs if US President-elect Donald Trump enforces his proposed 25% across-the-board tariff , a move Mexico warns could cost the US 400,000 jobs and significantly increase consumer prices. Key Points: Tariff Impact: Mexico’s Economy Minister Marcelo Ebrard highlighted that the tariffs could harm US automakers like Ford , General Motors , and Stellantis , with pickup truck prices expected to rise by US$3,000 . Barclays analysts predict the tariffs could "wipe out all profits" for Detroit's automakers. The automotive sector, Mexico’s largest manufacturing industry, accounts for 25% of North American vehicle production . Retaliation: Mexico is preparing its own tariff measures against the US, despite Sheinbaum's preference for regional cooperation over conflict. Trump’s Stance: Trump insists the tariffs aim to control...