Tariff negotiations to drive Bursa’s direction

Quick Summary:

Bursa Malaysia's recovery hinges upon a positive outcome from Malaysia's tariff negotiations with Washington.

It hit a session low of 1,386.63 points on April 9 before closing at 1400.59 points, marking a 21-month low since July 2023 after Trump announced reciprocal tariff rates on US trading partners.

The index has since rebounded, ending at 1486.25 points yesterday, after briefly testing the 1,500 mark during intraday trade on Monday.“It (1386.63 points) was a very low level and I would say this is a strong support.

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Article Details

Author / Journalist: ELIM POON

Category: EconomyBusiness

Markets: MalaysiaChinaIndiaJapanUnited States

Topics: Markets RinggitRecovery TariffNegotiations ForeignOutflows FBMKLCI MarketSentiment DomesticFocus TradeTensions ExportChallenges /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 00:00:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1197 words

Reading Time: 7 minutes read

Sentences: 39 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28157823

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 42 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 52 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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