KUALA LUMPUR: Investors have hit pause on bargain-hunting activities on Bursa Malaysia following the announcement of new tariffs on auto imports to the US.
Wall Street equities took a dive overnight on US President Donald Trump's additional 25% import tax on cars and car parts entering the US, which is expected to escalate the global trade conflict and impact car prices in the world's largest economy.
In Malaysia, the domestic market stayed relatively resilient with the benchmark index falling 4.97 points to 1,513.08.
Rakuten Trade said, short of a breakout, the index could stay range-bound until the emergence of fresh catalysts.
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