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.
Asian markets fell on Monday, following losses in the US, as investors focused on China’s market reopening after a weeklong holiday. Shares in Tokyo dropped, while US markets were impacted by a tech selloff , geopolitical concerns , and speculations on a smaller rate cut from the Federal Reserve . China's top economic planner is scheduled to hold a briefing, with investors eagerly awaiting potential new policy measures . Before the holidays, China introduced a series of stimulus measures , which significantly boosted investor confidence and propelled Chinese stocks to soar. However, some investors remain cautious about how long the Chinese stock rally will last. Major institutions like JPMorgan , Invesco , and HSBC are watching to see if Beijing will follow up on its stimulus pledges with concrete action. The CSI 300 Index in China surged 8.5% on Sept. 30, the last trading day before the holiday. In the US, the S&P 500 dropped 1% , as tech stocks like Alphabet...