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.
President Donald Trump has surprised the trade and logistics world once again. His administration widened steel and aluminum tariffs to cover more than 400 consumer products , ranging from motorcycles and auto parts to baby booster seats and tableware . The change, which took effect immediately on Monday , left importers scrambling, as even goods already in transit were not exempt. What Changed? New scope: Items containing steel or aluminum — even in packaging or small components — are now subject to tariffs. Products affected: Auto parts, chemicals, plastics, furniture components, motorcycles, baby gear, and more. Implementation shock: Customs brokers say this was a “gotcha” move with no grace period for in-transit goods. As one logistics executive put it: “If it’s shiny, metallic, or remotely related to steel or aluminum, it’s probably on the list.” Impact on Business Compliance nightmare: Importers now need to track exact me...