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.
Asian Stocks Post Modest Gains Amid Uncertainty; Investors Eye Global Growth Concerns and Tariff Talks
Key Takeaways: Asian Stocks Edge Up : After a three-day decline, Asian equities rebounded modestly on Wednesday, as investors looked for a clear direction amidst global economic uncertainty. Major markets like Sydney , Tokyo , and Hong Kong posted gains, with the MSCI Asia Pacific Index rising. U.S. Economic Data Adds to Concerns : Despite a 0.2% increase in the S&P 500 , weaker consumer confidence in the U.S. raised concerns about potential growth slowdowns. A surge in U.S. copper prices indicated strong demand, but broader concerns over inflation risks from Trump’s tariffs remained prevalent. Geopolitical Tensions : Investors are grappling with rising geopolitical risks , notably related to U.S.-China trade policies and Russian involvement in the Black Sea ceasefire . U.S. President Donald Trump’s upcoming “Liberation Day” tariff announcement on Apri...