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.
Key Takeaways: Trump told EU officials he is prepared to impose new tariffs on China and India , but only in coordination with European nations. Measures under discussion also include sanctions on Russia’s shadow fleet, banks, and oil majors . The proposal comes after Moscow escalated attacks in Ukraine and missed Trump’s deadline for peace talks. Tariffs as Leverage President Donald Trump signaled a willingness to levy sweeping tariffs on China and India to force Russian President Vladimir Putin into negotiations over Ukraine. According to people familiar with the talks, Trump told EU leaders in Washington the US would mirror European tariffs if member states agreed. The approach highlights a challenge: several EU nations, notably Hungary, have previously blocked stricter sanctions on Russia’s energy sector. Any EU measures would require unanimity. Trump has already doubled tariffs on Indian goods to 50% in response to New Delhi’s continued purchases of R...