KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Indonesia is bracing for global trade disruptions caused by US President Donald Trump’s aggressive tariff policies , seeking to diversify its markets and protect local industries amid rising protectionism. 🌏 Indonesia’s Strategy: Expand Markets, Protect Local Trade 🔹 Indonesia aims to leverage the US-China tariff war by expanding its market share if Chinese goods face higher US tariffs. 🔹 The country is also reinforcing local industries , particularly the textile sector , which has been hit by cheap imports and illegal shipments . 🔹 New trade agreements are in the works to secure alternative markets, with Peru, Canada, the EU, and India on the priority list. 💬 Deputy Trade Minister Dyah Roro Esti Widya Putri: "We do not want to act too hastily on import regulations, but we will ensure policies are in Indonesia’s best interest." 🚨 Trump’s Tariffs: A Wake-Up Call for Global Trade 📌 Trump’s new...