KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Trump’s 30% Tariff Threat Sparks Alarm in EU Agri-Food Sector France’s iconic wine and cheese exporters are ringing alarm bells over President Trump’s proposed 30% tariff on EU goods — calling it potentially "disastrous" for the country’s agriculture industry. Jean-François Loiseau, president of ANIA , warned that the new duties would hammer France’s food export competitiveness . “It’s a real shock for milk and cheese producers,” said François Xavier Huard, CEO of dairy association FNIL , who added, “This may not be temporary.” Why It Matters for Investors The US is a key market for premium French cheeses (Brie, yogurt, butter) and wines. France’s dairy sector exports nearly 50% of its production, including €350 million/year in dairy to the US. A 30% tariff could erode demand , especially with US consumers already stretched by inflation. French food exporters may lose competitiven...