KUALA LUMPUR, Sept 2 (Bernama) -- Bursa Malaysia ended higher on Wednesday on bargain hunting following the recent sell-off, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision on Thursday. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.20 points 1,708.74, compared with Tuesday’s close of 1,700.54. The benchmark index opened 0.42 of a point better at 1,700.96 and fluctuated between 1,695.89 and 1,709.71 throughout the day. On the broader market, losers trounced gainers 746 to 424, while 554 counters were unchanged, 1,048 untraded and 17 suspended. Turnover declined to 4.20 billion units valued at RM3.52 billion from 5.52 billion units valued at RM4.42 billion on Tuesday.
The US is taking a dual-track approach toward Iran , combining potential sanctions relief with aggressive tariff threats on countries supplying weapons , adding another layer of uncertainty to global trade and geopolitics. Mixed Signals: Diplomacy and Escalation Donald Trump indicated that Washington is open to discussing tariff and sanctions relief with Iran , acknowledging a key demand from Tehran as part of ongoing ceasefire negotiations. This marks a notable shift, as Iran has been under heavy economic sanctions since 2018 , following the US withdrawal from the nuclear agreement. At the same time, Trump issued a stark warning: countries providing military support to Iran could face 50% tariffs on all exports to the US . Tariff Threat Faces Legal Constraints Despite the strong rhetoric, the administration’s ability to implement such tariffs immediately is uncertain. A recent US Supreme Court ruling limits the president’s aut...