Tariff shock sends Bursa Malaysia lower, crude oil surge adds pressure on fragile sentiment

KUALA LUMPUR, 24 JULY 2026 —

KUALA LUMPUR, July 24 - Bursa Malaysia closed lower on Friday, as investors reacted to the United States' latest tariffs on imports, sparking concerns over global trade and economic growth. The benchmark index fell, weighed down by losses in major sectors, including finance and energy.

The Malaysia market was particularly affected by the tariff announcement, with investors worrying about the potential impact on the country's exports to the US. The surge in crude oil prices also added to the downward pressure on the market, as higher energy costs could erode corporate profits and consumer spending.

According to reports, the US tariffs on imports from various countries took effect on Friday, prompting a sell-off in global markets. The move is expected to escalate trade tensions between the US and its trading partners, including Malaysia. The Malaysian economy, which is heavily reliant on exports, is likely to be affected by the tariffs, although the full extent of the impact is still unclear.

The government has not yet commented on the tariffs or their potential effects on the local economy.

Looking ahead, market sentiment is expected to remain fragile, with investors closely watching for further developments on the trade front. The surge in crude oil prices is also likely to continue weighing on the market, as higher energy costs could lead to increased production costs and lower consumer spending.

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