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.
Stock Market Decline: The S&P 500 has entered correction territory , falling over 10% from its recent peak, as President Trump's trade war intensifies. The latest round of tariffs, including threats against the EU, Canada , and China , has caused a significant pullback in US equities, particularly affecting industries reliant on trade. Key Developments: European Union retaliates against Trump's tariffs , implementing duties on US goods, especially alcoholic beverages . Trump responded with an increased 200% tariff threat on wine and champagne from the EU. Canada also escalated the situation with 25% tariffs on $30 billion of US goods , particularly steel and aluminum exports. Investors reacted by selling off, pushing the S&P 500 into correction territory and seeing a $5 trillion drop in market value o...