Traders adopt wait-and-see approach to tariffs developments


KUALA LUMPUR: After retracing earlier losses, the benchmark FBM KLCI entered the noon break little changed as investors waited by the sidelines for more developments amid the ongoing tariff threats from US President Donald Trump.

The main index was up just 0.23 points to 1,531.43, as regional markets maintained a calm response to Trump's latest assault on global trade.

On the broader market, the number of declining issues were slightly higher than advancers at a ratio of 394-to-382. Volume of trade was 2.19 billion shares changing hands for RM1.12bil.

Gainers on the market included Nestle rising 20 sen to RM78.60, Sunway Construction adding nine sen to MR5.98 and VSTECS climbing nine sen to RM2.98.

In key Asian markets, Japan's Nikkei dropped 0.81% to 25,384 and South Korea's Kospi rose 0.91% to 3,162.

China's composite index gained 0.36% to 3,505 while its blue-chip CSI300 added 0.3% to 4,003. Hong Kong's Hang Seng was flat at 23,914.

 

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Bursa Malaysia , KLCI , equities , trading , stock

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