KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary EU warns new US tariffs exceed the 15% ceiling agreed in last summer’s trade deal Trump introduced a new 10% global levy , with threats to raise it to 15% Some EU exports like cheese, butter, plastics and textiles could face higher-than-agreed rates Brussels pauses approval process, seeks clarity What’s the Dispute? The European Union says President Donald Trump ’s new global tariff policy may violate the EU-US trade agreement struck last summer. After the Supreme Court of the United States blocked Trump’s earlier “reciprocal tariffs,” the White House introduced a new 10% blanket tariff , later threatening to raise it to 15% . According to the European Commission , the new global levy would be added on top of existing duties — potentially pushing tariffs on certain goods above the 15% cap agreed in the bilateral trade deal. Which Products Are Affected? Products that could exceed...