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.
Tariffs, Trade, and a Strategic Pivot: How Trump’s Policies Are Redrawing China’s Investment Footprint in Europe
As the US escalates tariffs under President Donald Trump, China is quietly but strategically recalibrating its approach to Europe — pivoting from legacy infrastructure takeovers to greenfield investments in batteries and EVs, particularly in Hungary, Slovakia, Portugal, and Serbia . From Ports to Plants: China’s Shift Up the Value Chain Europe once saw billions flow into ports, utilities, and luxury assets like football clubs. But with that wave peaking in 2016-2018 , China has reoriented toward higher-value sectors such as electric vehicle (EV) batteries — and critically, toward more politically welcoming territories . CALB’s $2.2B plant in Sines, Portugal CATL’s battery factory in Debrecen, Hungary BYD’s EV facility and European HQ near Szeged, Hungary Volvo (Geely)-backed EV plant in Košice, Slovakia Gotion-InoBat JV in Slovakia These projects are heavily incentivized by local governments ...