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.
Japan’s latest 40-year government bond sale delivered stronger-than-average demand , offering temporary relief to markets after weeks of sharp volatility in long-term yields. Quick Summary 40-year bond auction beat demand expectations Yields eased after last week’s record spike Election-driven fiscal concerns remain unresolved More volatility likely in bonds and yen markets What Happened The bid-to-cover ratio came in at 2.76 , above the previous auction ( 2.585 ) and the 12-month average of 2.53 The 40-year yield fell 3.5 basis points to 3.9% after the auction Demand eased immediate fears over Japan’s long-term debt , though uncertainty remains elevated Why This Matters The auction followed a turbulent week in Japanese bond markets, triggered by fiscal and political shocks: Long-dated yields spiked to record highs after Prime Minister Sanae Takaichi proposed a two-year removal of food sales tax Forty-year yie...