Malaysia’s benchmark index retreated as profit-taking in key heavyweights weighed on sentiment, while overall market activity remained active. Summary FBM KLCI fell 0.83% to 1,684.93 , dragged by losses in banking and selected large-cap names, despite steady trading participation. Market Performance FBM KLCI : 1,684.93 (-0.83%) FBM Mid 70: -0.00% (flat) FBM Small Cap: -0.23% FBM ACE: +0.20% Broad market was mixed , with weakness concentrated in large caps. Market Breadth & Trading Activity Total volume: 3.54 billion shares Total value: RM4.19 billion Gainers: 456 Losers: 678 Unchanged: 550 Market breadth turned negative , reflecting cautious sentiment. Top Movers – KLCI Gainers Axiata (6888.MY) +1.54% Petronas Gas (6033.MY) +1.18% Sunway (5211.MY) +1.15% Losers Hong Leong Bank (5819.MY) -3.29% Maybank (1155.MY) -3.02% CIMB (1023.MY) -2.47% Banking sector weakness was the main ...
China is exploring a new financial frontier as it works on launching AI token futures , signalling a deeper push into the global AI race and financial innovation. Summary China is developing a futures market tied to AI tokens (compute usage) , offering companies a way to hedge rising AI costs — in contrast to the US focus on GPU compute futures . What’s Happening The Shanghai Futures Exchange is in early-stage discussions to design AI token futures contracts These tokens represent the smallest unit of AI computation , essentially the “fuel” powering AI models The initiative is still preliminary , with no clear timeline or regulatory approval yet Meanwhile, US exchanges like CME Group and Intercontinental Exchange are developing compute power futures linked to GPU usage costs Why It Matters New asset class potential : AI tokens could become a tradable financial instrument Cost hedging tool : Helps AI firms mana...