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.
President Donald Trump's tariff policy has raised concerns across the auto industry, and Tesla is no exception. Tesla's Concerns: Tesla sent an unsigned letter to the U.S. Trade Representative (USTR), warning about the potential negative impact of retaliatory tariffs on the electric vehicle (EV) maker. In the letter, Tesla noted that as a U.S. manufacturer and exporter , it encourages the USTR to consider the downstream impacts of actions taken to address unfair trade practices. Tesla emphasized that U.S. exporters could face disproportionate impacts when countries respond to the U.S. trade actions. Context of the Trade War: Canada has placed 25% tariffs on approximately $30 billion of U.S. goods, including steel and aluminum, in retaliation for Trump's tariffs. While cars aren’t included in this particular retaliation, there’s ongoing concern about future tariffs on the...