KUALA LUMPUR: The Malaysian rubber market is expected to trade on a downward bias as the aftermath of the US tariff announcements has dampened the global demand outlook, coupled with the ongoing trade war that has also contributed to a slowdown in the global economy, said the Malaysian Rubber Glove Manufacturers Association (Margma).
The association noted that the tariff announcement has affected industries worldwide, resulting in losses in regional futures markets, fluctuations in oil prices, and a decline in market sentiment.
