Bursa Opens Cautiously Amid Global Trade Jitters, Tariff Tensions Weigh on Sentiment
The broader market was mixed, with the FBM 70 inching up 6.14 points to 16,767.49, while indices such as the F4GBM, FBMEMAS and FBMSHA all dipped slightly by 0.03%. Declines across the board reflected caution among investors bracing for the impact of the latest round of US tariff threats and inflation concerns.
US President Donald Trump's recent announcement of 30% tariffs on imports from the European Union and Mexico, set to take effect 1 August, has injected fresh volatility into global markets. Investors are now closely watching for any retaliatory measures and the potential fallout on supply chains, especially for trade-reliant economies like Malaysia.
Locally, trading was led by high-volume counters such as Zetrix, which slipped 0.005 sen to RM0.995 on 19.9 million shares traded. Meanwhile, A1AKK added 0.005 sen to RM0.250, Ecoshop gained 0.010 sen to RM1.280, and Jiankun rose 0.005 sen to RM0.030.
With uncertainties surrounding global tariffs, investors are expected to tread cautiously, especially ahead of key economic data from China and US inflation prints due this week. Analysts warn that continued trade disruptions could weigh on Malaysia's export outlook and dampen risk appetite in the short term. Related
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