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.
China has strongly advised its carmakers to ensure that advanced electric vehicle (EV) technology remains within the country, even as they expand their global footprint by building factories abroad to avoid punitive tariffs on Chinese exports, according to sources familiar with the matter. The Chinese government is encouraging automakers to export knock-down kits to their overseas plants. This approach involves producing key vehicle components domestically and then shipping them abroad for final assembly, the sources said. These instructions come as Chinese companies such as BYD Co and Chery Automobile Co push forward with plans to establish factories in locations like Spain, Thailand, and Hungary to meet growing demand for their innovative and affordable EVs in foreign markets. In a July meeting with more than a dozen automakers, China's Ministry of Commerce (Mofcom) also advised against any auto-related investments in India . This move aims to protect the technological know...