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 Takeaway Lululemon (LULU) says the removal of the de minimis exemption will hit its gross margin harder than tariffs, cutting into profits by about $240 million this year . What Happened The U.S. officially ended the de minimis exemption on Aug. 29. This policy allowed small-value packages (under $800) shipped directly to U.S. consumers from abroad to enter duty-free. Lululemon shipped two-thirds of its U.S. e-commerce orders from Canada , and most qualified under this rule. Impact on Lululemon With the exemption gone, Lululemon faces higher import costs on most of its U.S. shipments. CEO Calvin McDonald said this change — combined with Trump’s new tariffs — forced the company to slash its earnings and revenue outlook . The estimated $240 million hit highlights how dependent LULU was on the cost-saving loophole. Why It Matters for Investors Lululemon has already been struggling with slowing sales momentum. Margin pressure f...