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.
The US House of Representatives has passed a sweeping US$3.4 trillion tax and spending package , clearing the way for President Trump to sign it into law by Independence Day. While partisan debate continues over its merits, markets are preparing for the ripple effects across equities, bonds, sectors, and currencies. Here’s what investors need to know. What's in the Bill? A Breakdown of Key Components US$4.5 trillion in tax cuts Corporate tax reductions Higher standard deductions for seniors Exemptions for tips and overtime income Expanded Child Tax Credit Spending Cuts Over US$1 trillion trimmed from Medicaid Rollback of various safety-net programs Sunset clauses for certain clean energy subsidies Increased Defense and Immigration Spending Boosts to Pentagon budget Enhanced funding for border security and enforcement No Revenue from Tariffs Accounted for Yet Treasury suggests up to US$2 trillion in potential tariff income not yet included in CBO scoring Investmen...