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.
Trump’s Global Tariffs Backfire: Brazil and India Pivot to China, U.S. Consumers Brace for Higher Prices
Key Takeaway Trump’s sweeping 50% tariffs on imports from Brazil and India are reshaping global trade flows. Brazil is redirecting coffee exports to China, India is moving seafood and tea toward Europe and Asia, and U.S. manufacturers are reporting rising costs and layoffs. For U.S. consumers, the result could be higher prices at the grocery store and for everyday goods. Brazil: Coffee Beans Flow East Brazil, the world’s top coffee supplier , faces a 50% U.S. tariff. More than 180 Brazilian coffee firms have registered to export to China, shifting supply toward its booming café culture. Coffee traders call it an “unprecedented” pivot, signaling China’s growing leverage in commodities markets. India: Seafood & Tea Rerouted Indian seafood and tea producers hit by U.S. tariffs and energy-related levies. Exporters are turning to China and Europe as alternative markets. Industry leaders warn: African suppliers may undercut India on price, r...