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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.
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Trump Tariffs Shock Markets: “Worse Than Worst-case Scenario”

Markets were rattled after President Trump unveiled sweeping import tariffs far exceeding expectations. Equity futures and the U.S. dollar fell sharply as investors brace for potential volatility and a breakdown in global trade order. What Happened On "Liberation Day," President Trump announced: A  universal 10% tariff  on  all imports  to the U.S. Reciprocal tariffs  on key trading partners: China: 34% Vietnam: 46% European Union: 20% Taiwan: 32% An additional  25% tariff on automobile imports , effective after midnight. “Trump is blowing up the postwar system that made the U.S. and the world more prosperous.” — Nigel Green, CEO, deVere Group Market Reaction Initial market optimism turned quickly as the full scale of tariffs became clear. Equity Futures: S&P 500 E-mini Futures : -3.4% Nasdaq 100 Futures : -4.2% Dow Futures : -2.2% (down 892 points) Currency Markets: Dollar Index (DXY) : -0.5% to 103.74 after early gains Flat against  CAD  and...
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Trump’s Tariffs: A Historic Shift in US Trade Policy — With Global Consequences

The Trump administration is preparing a sweeping tariff package that may mark the most aggressive protectionist turn in US history since the 1930s. Markets are watching closely as risks of recession, inflation, and global retaliation mount. Policy Overview President Trump is poised to unveil a new round of  “reciprocal tariffs” , possibly as soon as Wednesday, which would target countries with trade barriers or tax structures deemed unfair to US exporters. Tariffs could raise  average US import duties by up to 28 percentage points  — the most since the 1800s. The plan would replace the US’s long-held  multilateral trade commitments  under GATT/WTO with  bilateral arrangements . Key trading partners including  Europe, China, Canada, and Southeast Asia  are expected to be affected. Economic Impact Forecasts Bloomberg Economics  projects a  4% hit to US GDP  over 2–3 years under a maximalist scenario— more than $1 trillion in output ...
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