Tariff turnaround relief

Quick Summary:

After a five-day slump, the FBM KLCI surged 62.54 points yesterday, or almost 4.47%, its highest single-day jump since November 2022, on overnight news that US President Donald Trump has decided on a 90-day hold from enacting tariffs for over 75 countries eager to strike trade deals with his administration.

Analyst and head of equity sales at Rakuten Trade Vincent Lau, who earlier this week forecast a technical rebound for the FBM KLCI, said yesterday’s resurgence was one such rebound combined with a much needed relief after days of risk-off pessimism following last week’s tariff announcements.

On the bigger picture, he told StarBiz: “Ultimately, Trump aims to reduce trade deficits by imposing tariffs or flipping it around and forcing other countries to lower tariffs on the United States.

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Article Details

Author / Journalist: KEITH HIEW

Category: EconomyBusiness

Markets: MalaysiaChinaJapanSouth KoreaSingaporeUnited States

Topics: GlobalSupplyChain FBMKLCI TariffPause Tariff Wars MalaysiaExports TradeNegotiations MarketRally Markets /Business/Business News SemiconductorBoost

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 00:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1243 words

Reading Time: 7 minutes read

Sentences: 31 lines

Sentence Length: 41 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 27778679

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 50 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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