AGN Morning Update | 11th April 2025 – Malaysia’s Market Soars, Trump Faces Manufacturing Reality, and Singapore Tech Fraud Emerges

KUALA LUMPUR – In today’s top stories, Malaysian markets delivered a surprise rebound as the FBM KLCI surged by 4.47% to close at one thousand four hundred sixty-three point one three, contributing RM73 billion in gains to Bursa Malaysia. The rally came after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all trading partners except China.

CIMB, Gamuda, and Nestlé led the charge, with strong performances across technology and construction sectors. Analysts remain cautiously optimistic, noting ongoing tariff uncertainty and global recession risks.

On the international front, Trump’s manufacturing-focused tariff strategy is facing resistance. Business owners in the US report higher operational costs, limited factory capabilities, and shifting supply chain burdens. Many are reconsidering reshoring plans and sticking with overseas partners in Europe and Asia.

In Asia, the Singaporean entrepreneur Alan Wei Zhaolun, tied to Nvidia and AI infrastructure, faces serious fraud charges. Authorities allege he helped reroute US-made AI servers—possibly containing restricted Nvidia chips—from Singapore to Malaysia. The case highlights the complexities of global tech compliance amid growing geopolitical tensions in AI and export control enforcement.

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