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-elect Donald Trump has warned the European Union (EU) of impending tariffs if its member states fail to increase their imports of American oil and gas , marking another potential escalation in transatlantic trade tensions. Key Developments Trump's Warning on Truth Social Trump stated, “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!” The US , as the largest global producer of crude oil and exporter of liquefied natural gas ( LNG ), aims to strengthen its energy trade dominance. EU's Preparations for Trade Tensions The EU is bracing for potential trade wars under Trump’s renewed "America First" agenda, recalling the 2017 steel and aluminum tariffs imposed during his first term. German Foreign Minister Annalena Baerbock emphasized a united European stance:...