08-07-2025
Bursa Malaysia dips as Trump's tariff hits investor sentiment
Published on: Tuesday, July 08, 2025
Published on: Tue, Jul 08, 2025 Text Size: iStock photo for illustrative purposes KOTA KINABALU: Bursa Malaysia closed lower after U.S. President Donald Trump unexpectedly announced a 25pc tariff on Malaysian exports, rattling markets. The FBM KLCI fell 7.4 points (0.48%) to 1,530.14, with 550 decliners outpacing 399 gainers. Trading volume reached 3.06 billion shares worth RM2.2bil. Export-oriented counters saw strong selling pressure, with Malaysian Pacific Industries dropping 86 sen to RM21.42. Meanwhile, Nestle rose RM1.66 to RM78.76. Foreign investors sold RM272mil worth of equities, while local institutions bought RM273mil. The ringgit weakened against major currencies, slipping to 4.2388 against the U.S. dollar. Markets now await Bank Negara's OPR decision, which may further influence trading direction. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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