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.
The fate of TikTok’s U.S. operations could soon shift again, as President Donald Trump confirmed on Friday that formal negotiations with China are set to resume early next week. Speaking aboard Air Force One, Trump stated that discussions could begin as soon as Monday or Tuesday , potentially involving Chinese President Xi Jinping or his representatives. “We pretty much have a deal,” Trump told reporters, referring to a long-awaited plan to divest TikTok’s U.S. assets from its Chinese parent, ByteDance , into a new U.S.-controlled entity. A Deal Delayed — and Revived The TikTok restructuring deal had stalled this spring after China signaled resistance to approving any forced divestiture, especially amid escalating U.S. tariff threats . The Biden-era negotiations were originally aimed at transferring TikTok’s U.S. operations into a majority American-owned and operated company — a structure designed to address d...