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.
US 10-year Treasury yield falls below 4% for the first time since Trump’s re-election as fears of a trade-induced recession surge. Key Developments: Yield Movements: US 10-year yield: Briefly dipped below 4% , settled at 4.03% . US 2-year yield: Fell ~ 15bps to 3.70% . Eurozone & UK bond yields: Dropped sharply on synchronized global easing bets. Market Pricing: Fed Rate Cuts: Markets now pricing in 3 to 4 cuts (90bps) by end-2025. Money markets: 50% probability of 4 quarter-point Fed cuts — up from 0% pre-announcement. US Dollar: Dropped 1.5% , reversing post-election gains. Analyst Insights: Brandywine’s Jack McIntyre: Tariffs are now a bigger drag on growth than inflation , shifting focus of monetary policy. Citi Strategy Upgrade: Upgraded Treasuries to overweight , citing heightened recession risks. JPMorgan’s Bob Michele: US is “cruising to recession,” Fed could drop rat...