KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
Key Takeaway: Trump's proposed tariffs may dampen global economic growth and elevate US inflation , creating a challenging environment for the Federal Reserve. David Kelly, chief global market strategist at JPMorgan Asset Management, cautioned that President-elect Donald Trump’s aggressive tariff policies could hinder economic growth and raise inflation, an unusual mix that could lead to stagflation . Trump’s campaign suggested tariffs as high as 60% on Chinese products and 10% to 20% on goods from other countries , aiming to boost domestic industry. Kelly described tariffs as a “stagflation elixir,” noting that increased costs from tariffs could prompt multinational companies to rethink supply chains and pass on costs to consumers, contributing to inflation. While these concerns contrast with the recent stock market rally driven by optimism over potential tax cuts, the bond market has responded with rising yields , as investors anticipate that Trump’s policies could clash wit