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.
India's financial crime agency plans to summon Amazon and Flipkart executives in its investigation of alleged foreign investment law violations , following recent raids on some sellers affiliated with these e-commerce giants. The Enforcement Directorate is examining evidence from the raids, which revealed potential violations of India's e-commerce regulations . Indian law prohibits foreign e-commerce companies from holding inventory directly, requiring them instead to operate as a marketplace for independent sellers. Amazon and Flipkart, with 32% and 24% market shares , respectively, in India’s growing $70 billion e-commerce market , are under scrutiny for allegedly exerting "end-to-end control" over inventory through select sellers, which contradicts Indian regulations. The investigation includes a five-year review of business data and seller relationships. Amazon’s former top seller, Appario , reportedly received special privileges, including discounted fees and...