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.
Tesla Inc. announced the recall of 694,304 vehicles in the United States on Friday due to a tire pressure monitoring system (TPMS) issue that may fail to alert drivers to low tire pressure. Key Details 1. Recall Scope Affected Models : Model 3 , Model Y , and Cybertruck vehicles. Issue : The TPMS warning light may not stay illuminated between drive cycles, potentially causing drivers to unknowingly operate vehicles with improperly inflated tires , increasing the risk of a crash. 2. Resolution Tesla will address the issue with an over-the-air (OTA) software update , a hallmark of the company’s approach to recalls. Tesla Recall Trends 1. 2024 Recall Statistics Tesla vehicles accounted for 21% of all US recalls in the first three quarters of the year, according to BizzyCar . Most recalls were resolved through OTA software updates , avoiding the need for physical repairs. 2. September Quarter Rec...