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.
Investor & Industry Impact Note India is preparing its most meaningful auto-market liberalisation in decades as part of a near-final EU–India free trade agreement (FTA) . A sharp cut in car import tariffs will reshape competitive dynamics across luxury, mass-market and EV segments , with clear winners and losers emerging. What’s Changing (Policy Snapshot) Import tariffs on EU-made cars cut to 40% from as high as 110% Gradual reduction toward 10% over time Initial quota: ~200,000 internal-combustion cars per year EVs excluded for first five years , then phased into similar cuts Deal announcement expected imminently , subject to final ratification This is India’s biggest auto market opening to date. WINNERS European Automakers (Primary Beneficiaries) Volkswagen Mercedes-Benz BMW Renault Stellantis Why they win Ability to import premium and niche models at far lower prices Can test demand before committing capex to local manufacturing Str...