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.
Peter Navarro emphasized that tariffs will play a crucial role in President Trump’s economic strategy , highlighting plans to review global trade practices and enforce fair trade through reciprocal tariffs to protect U.S. industries and national security. 🔹 Key Takeaways from Navarro’s Remarks 🔹 U.S. to investigate global trade practices before imposing tariffs after April 1 . 🔹 Tariffs aim to reduce the $1 trillion annual U.S. trade deficit , which Navarro labeled a national emergency . 🔹 Focus on fairness: The U.S. seeks reciprocal tariffs —if countries lower tariffs on U.S. goods, the U.S. will reciprocate. 💬 Navarro: "America has the lowest tariffs in the world, and it’s not fair. President Trump wants a level playing field." 📊 Industries in Focus 🔹 Steel & Aluminum: Tariffs will remain due to national security concerns and global subsidies from countri...