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.
Key Takeaways The dollar’s 7% drop may mark the end of its pullback US growth and equity outperformance continue to support the greenback Capital flight fears and hedging pressures have faded Fed policy expectations remain stable despite political noise Strategists say further dollar weakness needs a new shock A strong US economy makes sustained dollar depreciation difficult The long-anticipated US dollar downturn is losing momentum , raising doubts over whether last year’s decline marked the start of a lasting trend — or simply a pause in a powerful multi-year rally. According to analysis by Reuters , the dollar’s 7% fall last year now looks increasingly like the limit of its pullback, despite political pressure and trade tensions reigniting hopes for a weaker greenback. As US President Donald Trump heads to the World Economic Forum in Davos, sentiment around the dollar has notably stabilised. Market fears of foreign capital fleeing US assets n...