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.
Stock Markets Plunge as Recession Risks Grow Wall Street on Edge: Trade War Fears Fuel Market Selloff For the past year, U.S. policymakers have worked toward a “soft landing” — lowering inflation without triggering a recession. Now, with President Trump’s latest economic policies, markets fear a shift towards a “hard landing.” Trump’s administration has downplayed recession risks, instead focusing on aggressive trade tariffs and major spending cuts. In an interview with Fox News, Trump defended his policies, stating, “There is a period of transition because what we’re doing is very big.” Later, speaking aboard Air Force One, he doubled down, calling tariffs “the greatest thing we’ve ever done.” The market reaction was immediate. Dow Jones Industrial Average : Down 890 points (-2.1%) S&P 500 : Fell 2.7% Nasdaq : Plunged 4%, its worst day since 2022 The sharp decline has erased all post-election market gains, sending shockwaves through investors. Corporate Ame...