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.
A federal judge has ruled that Alphabet Inc. must lift restrictions that prevent developers from establishing rival marketplaces and billing systems within the Google Play Store . This ruling follows a jury's decision that Google abused its dominant position in the Android app market , marking another significant antitrust setback for the tech giant. The decision is expected to impact Google's revenue, with analysts estimating a potential loss of over $1 billion in gross profit. The ruling, which takes effect on Nov. 1 , bars Google from exclusive app store agreements and requires it to allow rival app stores to access its catalog for the next three years. Developers will no longer be forced to use Google’s billing features or prevented from informing customers of alternative download methods. This comes as a major victory for Epic Games Inc. , which has been challenging Google's app store policies since 2020. The ruling is likely to accelerate the weakening of app stor...