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 Trump officially picked Kevin Warsh to replace Jerome Powell as Fed chair US stock futures fell , while gold and silver plunged sharply Crypto markets saw US$1.7B liquidations amid policy shock Apple and SanDisk delivered strong earnings , led by China recovery and pricing power Key Market Developments Trump Picks Kevin Warsh as Fed Chair President Donald Trump confirmed he will nominate Kevin Warsh to succeed Jerome Powell when Powell’s term ends in May. Market interpretation: Warsh is supportive of lower rates , but Cautious on heavy stimulus and Fed balance-sheet expansion This reinforced expectations of tighter liquidity , even if rate cuts resume later in the year. Before the Bell: Market Reaction Nasdaq 100 futures: -0.39% S&P 500 futures: -0.27% Dow futures: -0.22% US dollar: +0.21% Precious metals were hit hard: Gold: -4.62% , briefly below US$5,000 Silver: ...