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.
National Security Justification President Donald Trump is set to sign an executive order on Thursday aimed at advancing a deal to split TikTok into separate U.S. and international versions. The order will provide legal grounds that the arrangement satisfies U.S. national security requirements under a 2024 law mandating ByteDance to divest its U.S. operations or face an app-store ban. Structure of the U.S. TikTok According to White House officials, the U.S. version of TikTok will be held by a joint venture in which ByteDance will own less than 20%. Control will rest with a majority U.S.-owned board , ensuring American oversight. The U.S. entity will retain access to ByteDance’s recommendation algorithm , though specific terms remain unsettled. Key Investors and Cloud Partner The deal includes Oracle and private-equity firm Silverlake as U.S. investors, with Oracle continuing to provide cloud hosting...