KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia ended higher on Friday as investors continued to accumulate blue-chip stocks in line with stronger performances across most regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.50 points to 1,724.90 from yesterday’s close of 1,720.40. The benchmark index opened 0.83 of a point higher at 1,721.23, and moved between 1,715.67 and 1,730.12 throughout the day. The broader market was positive with gainers outpacing losers 707 to 402, while 547 counters were unchanged, 1,085 untraded and 56 suspended. Turnover expanded to 3.03 billion units valued at RM3.56 billion from 2.49 billion units valued at RM2.25 billion on Thursday.
Canada and the European Union have announced retaliatory tariffs in response to Donald Trump’s latest trade measures, intensifying the global trade war . Key Developments : Canada’s Response : Canada has imposed 25% tariffs on about C$30 billion ($20.8 billion) worth of U.S.-made goods , including steel, aluminum , and consumer products like computers and sporting goods . This measure directly counters Trump’s tariffs aimed at revitalizing America’s steel industry . Canada matched the tariffs “dollar for dollar” but delayed implementation, offering Trump a window to avoid further economic damage. EU Retaliation : The European Union has also retaliated with its own duties on up to €26 billion ($28.3 billion) worth of American goods . While the U.K. remains a steadfast ally of the U.S. in trade talks, the ...