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.
U.S. Treasuries strengthened on Wednesday after the Federal Reserve delivered its third straight 25bps rate cut , easing concerns that policymakers were preparing to pause. Traders maintained expectations for two additional cuts in 2026 , despite the Fed’s projections signalling only one. Short-End Leads Rally Yields fell across the curve: 2-year yield dropped almost 8bps to 3.54% — its biggest one-day drop in two months Longer-dated yields also retreated from multi-month highs Treasuries extended gains after Fed Chair Jerome Powell highlighted concerns over weaker hiring . Bond managers described the move as a relief rally , noting fears of a more hawkish message did not materialize. Fed Cuts, But Divisions Deepen The Fed lowered the benchmark rate to 3.50%–3.75% . The decision included three dissents : Two officials preferred no cut One supported a larger 50bps reduction Powell said the Fed is no...