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.
President Trump has launched the most sweeping U.S. trade policy shift in decades, announcing a universal 10% tariff on all imports and targeted reciprocal levies—marking a new phase in protectionist economic strategy. What Was Announced A universal 10% tariff now applies to all imported goods , regardless of origin. Reciprocal tariffs are layered on top for nations deemed to have unfair trade practices: China: 34% European Union: 20% Additional 25% tariffs are planned or in effect on: Cars not made in the U.S. (effective Thursday) Some car parts (by May 3) Steel, aluminum, computer chips, pharmaceuticals, and lumber (varied timelines) Secondary tariffs apply to nations purchasing oil from Venezuela. “If you want your tariff rate to be zero, then you build your product right here in America.” — Donald Trump, Rose Garden speech Strategic Context Trump’s move reflects a long-promised break from the globalization era. The new tariff arc...