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 urged EU officials to impose tariffs of up to 100% on China and India , key buyers of Russian oil. The US signaled willingness to impose matching tariffs if the EU complies. Move would mark a strategic shift for the EU, which has leaned on sanctions rather than tariffs. Trump’s Request to the EU US President Donald Trump asked European Union envoys on Tuesday to implement sweeping tariffs on China and India as part of a coordinated strategy to pressure Russian President Vladimir Putin. According to a US official and an EU diplomat, Trump suggested tariffs as high as 100% , citing the two nations’ critical role in sustaining Moscow’s oil-driven economy. The proposal was made during a conference call with EU sanctions envoy David O’Sullivan and other officials. A diplomat noted the US offered to mirror any European action: “They are basically saying: We will do this but you need to do it with us.” Strategic ...