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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Asian and European Stocks Rally Following US Gains as Dollar Eases

Asian and European stocks climbed on Tuesday, buoyed by Wall Street’s overnight surge led by tech stocks, while the US dollar softened after Monday’s gains. Market Highlights Asian Markets Japan’s Nikkei 225 rose 1.91% , driven by tech-sector strength. The MSCI Asia Index (ex-Japan) gained 1.16% , while Australia's benchmark hit an all-time high, ending up 0.56% . European Markets Early trading saw the Stoxx 600 up 0.62% , with France’s CAC 40 advancing 0.94% after underperforming on Monday due to political instability. US Futures Both S&P 500 and Nasdaq futures remained flat after reaching record highs on Monday. Key tech stocks: Meta Platforms surged nearly 19% . Tesla jumped 12% but dipped 1% in post-market trading following a Delaware court ruling against Elon Musk's compensation package. Currency Movements The dollar index fell 0.15% , while the euro rebounded 0.24% to $1.0524 and the pound climbed 0.27% to $1.2692 . The Chinese yuan slid to a 13-mon...

European Stocks Surge as Asia Slips; Bitcoin Continues Record Rally

European stocks surged over 1% on Monday, with the STOXX 600 up as industrials led gains. Investors are bracing for key economic data this week, including inflation reports from Germany and the US. Meanwhile, Asian stocks slid as Beijing’s latest stimulus measures fell short of expectations, with Hong Kong stocks hitting a three-week low. In currency markets, the euro dropped to a four-month low of $1.0671 amid expectations of stricter US tariffs as Robert Lighthizer may join the Trump administration. The US dollar remained near last week’s highs as traders await US inflation data and comments from Fed Chair Jerome Powell . Bitcoin continued its record-breaking run, boosted by Trump’s pro-crypto stance and the election of pro-crypto Congressional members. Investors expect tax cuts and deregulation under Trump’s leadership to favor equities, with S&P 500 futures rising 0.3%. In Asia, China’s CSI300 Index rose 0.6%, supported by a rally in semiconductor stocks after t...