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.
Chris Brummer, Bluprynt CEO , DC Fintech Week Founder , and Georgetown University Professor , weighed in on former President Donald Trump’s pledge to position the US as a global crypto hub , including the potential introduction of a crypto czar in the White House. Key Highlights Role of a Crypto Czar : Designed to coordinate crypto regulations across agencies like the SEC and the Treasury Department . Aims to bring clarity to the industry, both in terms of rules and how companies comply with them. Regulatory Landscape : Emphasis on creating "fit-for-purpose" rules tailored to the evolving crypto market. Existing frameworks like AML (Anti-Money Laundering) and KYC (Know Your Customer) are expected to dominate discussions, alongside new disclosure requirements for firms. Clarity vs. Enforcement : The crypto industry has lon...