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.
Donald Trump’s 25% tariffs on steel and aluminum imports went into effect today, escalating the ongoing global trade war . The move, coupled with fresh tariff threats, has sparked fresh market volatility and further tensions with Canada and the EU . Key Highlights : Tariff Drama : After a day of back-and-forth threats, Trump’s tariffs on steel and aluminum imports officially kicked in. This comes as Canada and the EU retaliated, with the EU planning duties on over $28 billion worth of American goods. U.S.-Canada Tensions : Trump’s latest tariff threat was aimed at Canada , intensifying already strained trade relations. However, Trump downplayed the risk of a recession caused by the tariffs while hinting at more levies in the future. Market Reaction : Following the tariff drama, U.S. equity markets experienced some stabilization after the chaos left traders ...