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.
The UK government is evaluating its response after the European Union imposed provisional tariffs on electric vehicles (EVs) imported from China. Business Secretary Jonathan Reynolds is actively engaging with industry stakeholders to determine the best course of action, according to the Department for Business and Trade. Key Points: Concerns Over EV Imports: The UK is worried about the impact of Chinese EV imports on its domestic market. Business Secretary Reynolds is holding discussions with EU trade commissioner Valdis Dombrovskis following the EU's decision to impose tariffs on Chinese EVs. Considerations for the UK Economy: Any UK response will need to consider the country's auto sector exports and be tailored to fit the UK’s economic needs. Global Context: EU and US Actions: The EU's tariffs follow an investigation into alleged unfair subsidies to Chinese EV makers. The US has also announced plans for a 102.5% levy on Chinese EV imports, while Canada is considering ...