KUALA LUMPUR, Sept 7 (Bernama) -- Bursa Malaysia traded higher on Monday, supported by renewed buying interest in selected banking and telecommunications heavyweights, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.69 points, or 0.39 per cent, to 1,714.79, compared with Friday’s close of 1,708.10. The benchmark index opened 1.60 points higher at 1,709.70 and fluctuated between 1,708.26 and 1,715.29 throughout the trading session. The broader market, however, was negative with losers outpacing gainers 611 to 488, while 580 counters were unchanged, 1,109 untraded and 25 suspended. Turnover declined to 3.60 billion units valued at RM2.45 billion from 4.33 billion units valued at RM2.98 billion on Friday.
The US and Taiwan have sealed a landmark trade agreement that strengthens America’s semiconductor ambitions while easing trade barriers for Taiwanese exporters — with Taiwan Semiconductor Manufacturing Co at the centre of the deal. Under the agreement, Taiwan pledged US$250 billion in US investments , led by TSMC’s plan to expand its semiconductor manufacturing cluster in Arizona . In return, the US will cut tariffs on Taiwanese goods to 15% from 20% and grant exemptions to Taiwanese chipmakers that commit to expanding production on American soil. The move aligns with the Trump administration’s broader strategy to onshore critical industries , reduce reliance on overseas supply chains, and de-escalate tariff tensions without derailing economic growth. It also builds on recent trade progress with partners such as the European Union, Japan, and China. TSMC’s dominance in advanced chip manufacturing makes this deal strategically s...