
Bursa Malaysia ends lower, tracks regional losses on trade jitters
The market tracked weakness across Asia as investors awaited a final decision from United States President Donald Trump on pending trade deals.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.65 points, or 0.82%, to 1,537.54, down from last Friday's close of 1,550.19.
The benchmark opened 5.45 points lower at 1,544.74 and touched an intraday low of 1,534.67 in early trade.
Market breadth was negative, with 754 decliners outpacing 260 gainers. A total of 466 counters were unchanged, while 944 were untraded and 19 suspended.
Turnover rose to 3.57 billion shares worth RM2.49 billion, compared with 3.43 billion shares worth RM2.47 billion on Friday. – July 7, 2025

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Malaysian Reserve
35 minutes ago
- Malaysian Reserve
Trump sends tariff letter to PM Anwar, King
IF you were wondering if that weirdly worded letter came from President Donald Trump, doubt no more. The United States president has just released a batch of letters to about a dozen countries, including Malaysia, inviting them to 'participate in the extraordinary Economy of the United States, the Number One Market in the World, by far.' Malaysia has been slapped a 25% tariff rate. The letters were addressed to Prime Minister Datuk Seri Anwar Ibrahim and His Majesty Sultan Ibrahim, King of Malaysia. Similarly, the letter to Thailand was also addressed to its PM and monarch. In the almost identical letters, Trump unveiled the first in a wave of promised letters that threaten to impose higher tariff rates on key trading partners, including levies of 25% on goods from Japan and South Korea, and signed an executive order holding off the new duties until Aug. 1. Trump also announced 25% rates on Malaysia, Kazakhstan and Tunisia, while South Africa would see a 30% tariff and Laos and Myanmar would face a 40% levy. Other nations hit with levies included Indonesia with a 32% rate, Bangladesh with 35%, and Thailand and Cambodia with duties of 36%. Bosnia received a 30% levy, while Serbia faces a 35% rate. On Monday, he signed an executive order that delays the new rates until Aug. 1 for all nations facing the reciprocal tariffs, effectively buying each affected nation an extra three weeks to cut a deal with the White House, reported Bloomberg. The first batch of letters went out to Japanese PM Shigeru Ishiba at about 1am, today. Two hours later, at about 3am Malaysian time (according to the time stamp on the letter), the second batch started going out, with Malaysia leading the group. It included Kazakhstan, South Africa, Laos and Myanmar. And another two hours later, came the next batch of letters for Tunisia, Indonesia, Bangladesh, Serbia, Cambodia and Thailand. At about 7am, Monday (Malaysian time), Trump posted this on his Truth Social account: 'I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America.' This was followed by this: 'Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!' Here is the letter in full: His Excellency Dato' Seri Anwar bin Ibrahim Prime Minister of Malaysia Kuala Lumpur Dear Mr. Prime Minister: It is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship, and the fact that the United States of America has agreed to continue working with Malaysia, despite having a significant Trade Deficit with your great Country. Nevertheless, we have decided to move forward with you, but only with more balanced, and fair, TRADE. Therefore, we invite you to participate in the extraordinary Economy of the United States, the Number One Market in the World, by far. We have had years to discuss our Trading Relationship with Malaysia, and have concluded that we must move away from these longterm, and very persistent, Trade Deficits engendered by Malaysia's Tariff, and Non Tariff, Policies and Trade Barriers. Our relationship has been, unfortunately, far from Reciprocal. Starting on August 1, 2025, we will charge Malaysia a Tariff of only 25% on any and all Malaysian products sent into the United States, separate from all Sectoral Tariffs. Goods transshipped to evade a higher Tariff will be subject to that higher Tariff. Please understand that the 25% number is far less than what is needed to eliminate the Trade Deficit disparity we have with your Country. As you are aware, there will be no Tariff if Malaysia, or companies within your Country, decide to build or manufacture product within the United States and, in fact, we will do everything possible to get approvals quickly, professionally, and routinely — In other words, in a matter of weeks. If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25% that we charge. Please understand that these Tariffs are necessary to correct the many years of Malaysia's Tariff, and Non Tariff, Policies and Trade Barriers, causing these unsustainable Trade Deficits against the United States. This Deficit is a major threat to our Economy and, indeed, our National Security! We look forward to working with you as your Trading Partner for many years to come. If you wish to open your heretofore closed Trading Markets to the United States, and eliminate your Tariff, and Non Tariff, Policies and Trade Barriers, we will, perhaps, consider an adjustment to this letter. These Tariffs may be modified, upward or downward, depending on our relationship with your Country. You will never be disappointed with The United States of America. Thank you for your attention to this matter! With best wishes, I am, Sincerely, DONALD J. TRUMP PRESIDENT OF THE UNITED STATES OF AMERICA

Malay Mail
40 minutes ago
- Malay Mail
Trump drops another tariff bomb — but Asian markets keep their cool
TOKYO, July 8 — Stock markets in Asia took in stride the latest twist in US President Donald Trump's tariff roll-out today, as the dollar held onto gains and oil retreated. Shares on Wall Street fell after Trump sent letters to 14 countries, including Japan and South Korea, unveiling sharply higher tariffs on imports into the United States, while also postponing their implementation to August 1. Japan's Nikkei stock gauge opened lower but then turned positive after Trump described that deadline as 'firm, but not 100 per cent firm' and said tariffs may be adjusted for some countries. The Aussie dollar rose ahead of a Reserve Bank of Australia decision later in the day. Market reaction to the tariff announcements was muted on memories of Trump's rapid walk back of his 'Liberation Day' duties initially set out on April 2, said Tapas Strickland, head of market economics at National Australia Bank. 'There's going to be a lot of volatility as the headlines start to emerge, as more of these letters come out, and as the negotiations really come to the fore ahead of that August 1 deadline,' Strickland said on an NAB podcast. In April, Trump capped all of the so-called reciprocal tariffs with trading partners at 10 per cent until July 9 to allow for negotiations. Only two agreements, with Britain and Vietnam, have been reached. In June, Washington and Beijing agreed on a framework covering tariff rates, restoring a fragile truce in their trade war. Tariffs on Japan and South Korea are now due to go up to 25 per cent on August 1. Japanese Prime Minister Shigeru Ishiba called the hike deeply regrettable and said his nation would continue negotiations with the US. The European Union will not be receiving a letter setting out higher tariffs, EU sources familiar with the matter told Reuters yesterday. The EU still aims to reach a trade deal by tomorrow after European Commission President Ursula von der Leyen and Trump had a 'good exchange,' a commission spokesperson said. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent in early trade. Japan's Nikkei stock index rose 0.4 per cent while South Korea's KOSPI jumped 1.5 per cent. The dollar rose 0.2 per cent to ¥146.36 , touching a two-week high. The euro was flat at US$1.1741. The Aussie advanced 0.4 per cent to US$0.6516 before a meeting by the central bank where policymakers are widely expected to deliver a 25-basis-point cut. US crude dipped 0.5 per cent to US$67.59 a barrel after surging nearly 2 per cent yesterday. Spot gold edged 0.2 per cent lower. In early trade, pan-region Euro Stoxx 50 futures were down 0.1 per cent, German DAX futures were down 0.1 per cent at 24,133, and FTSE futures slid 0.3 per cent. — Reuters


BusinessToday
an hour ago
- BusinessToday
Bursa Dips at Opening Bell As Caution Grips Market
Bursa Malaysia opened sharply lower on Tuesday, with broad-based declines seen across all key indices, tracking weaker regional sentiment and cautious investor mood. At 9.11am, the benchmark FBM KLCI fell 10.85 points or 0.71% to 1,526.69, after touching a high of 1,530.27 earlier in the session. Broader market performance was equally subdued, with the FBM 70 sliding 162.07 points to 16,461.38 (-0.97%), the FBM EMAS down 0.75%, and the Shariah index declining 0.89%. Among the most active stocks, Nexg slipped half a sen to 41.5 sen on a high volume of over 1.2 million shares, followed by Zetrix, down 2 sen to 93 sen. Kim Hin led gainers in early trade, adding 8 sen to 84 sen, while Supermax jumped 5.5 sen to 64.5 sen. Inari, however, dropped 8 sen to RM1.97. Investors are expected to stay cautious as global trade tensions and upcoming economic data continue to influence sentiment. Related