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.
The recent imposition of substantial U.S. tariffs has significantly impacted major technology companies, notably Apple (AAPL), Nvidia (NVDA), and Tesla (TSLA) . These companies have experienced sharp declines in their stock prices , leading to heightened activity in their options trading . Apple's stock dropped over 9% , resulting in a $311 billion loss in market capitalization . This decline is primarily due to the newly announced 54% tariff on Chinese imports , which heavily affects Apple's supply chain . Sources: New York Post, MarketWatch Nvidia and Tesla also faced significant downturns , with Nvidia's stock falling 7.8% and Tesla's decreasing by 5.5% . These declines are attributed to broader market reactions to the tariffs , which have raised concerns about increased production costs and potential supply chain disruptions . Source: MarketWatch The options market has responded with incr...