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.
Quick Summary US cuts tariffs on Indian goods to 18% from as high as 50% India agrees to stop buying Russian oil , easing US–India tensions India pledges major US purchases , including energy and technology Markets rally : Indian equities and rupee surge on relief trade What Happened US President Donald Trump said he will lower tariffs on Indian goods to 18% after a call with Prime Minister Narendra Modi , linking the move to India’s agreement to halt purchases of Russian oil . Washington is also removing an extra 25% duty imposed earlier over India’s Russian crude imports, according to officials. Why It Matters Overall levies fall from ~50% to 18% , a major relief for Indian exporters Textiles, machinery and labor-intensive goods benefit the most India sends nearly 20% of its exports to the US , its largest market The deal eases pressure on India’s manufacturing ambitions Trump said India would also reduce tariffs ...