KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.
Quick Summary Malaysia’s effective US tariff rate may ease to 14.3% US Supreme Court struck down Trump’s reciprocal tariffs under IEEPA Malaysia remains relatively competitive within ASEAN Electronics and semiconductor exports continue to enjoy exemptions What Changed? The Supreme Court of the United States ruled that President Donald Trump did not have authority under the International Emergency Economic Powers Act (IEEPA) to impose reciprocal tariffs. Following the ruling: The US replaced them with a blanket Section 122 tariff , initially 10%, later raised to 15% US Customs stopped collecting tariffs deemed illegal from Feb 24 Malaysia’s Effective Rate: What It Means According to Maybank Investment Bank : Current effective US tariff rate: 15.6% Expected to settle at: 14.3% Overall US headline tariff: 15% Malaysia’s rate remains: Lower than Indonesia, Vietnam, Thailand and the Philippines Slightly above the global ...