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 Takeaway: After tariff-driven setbacks, Temu , owned by PDD Holdings Inc. , is mounting a comeback in the U.S. with deep price cuts, renewed advertising, and a logistics overhaul as it battles Shein for market share. Price Cuts and Consumer Push Prices of at least two dozen best-selling items tracked by Bloomberg dropped 18% on average since April. Some items were slashed by as much as 60% . Temu has also stopped charging import fees , which previously inflated final costs — at times exceeding the value of the goods themselves. The retailer is pushing merchants to restock for the U.S. holiday season , offering better app traffic in exchange for steeper discounts. Impact of Tariff Changes Temu’s business model — shipping small parcels directly from China to U.S. households — was upended after President Trump removed the de minimis tariff exemption earlier this year. U.S. sales plunged more than ...