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.
President Donald Trump has dismissed the recent market selloff , stating that it’s part of the natural market cycle and that both ups and downs are expected. Despite the downturn, Trump is optimistic about the U.S. economy , insisting that the country is on the path to revitalization . Key Points: Market Cycles : Trump acknowledged the market fluctuations but stressed that they are normal, with markets going up and down . He believes the focus should be on rebuilding the country. Rebuilding U.S. Industry : Trump highlighted the importance of rebuilding American factories and creating jobs , criticizing the state of many old factories and the lack of utilization of existing resources. Economic Policy : Trump emphasized that the key to the country’s economic future lies in taxing policies and incentives . He’s working to bring incentives back to the U.S., encouraging businesses to invest in the country rather than offshore ...