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Market Daily Report: Bursa Malaysia Ends Higher In Line With Most Regional Markets

KUALA LUMPUR, Sept 20 (Bernama) -- Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve's substantial interest rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.17 points, or 0.19 per cent, to 1,668.82 at the close from Thursday's close of 1,665.65. It opened 5.03 points higher at 1,670.68, trading between 1,668.48 and 1,674.04 throughout the session. In the broader market, gainers outpaced decliners 732 to 468, while 465 counters were unchanged, 850 untraded and 32 suspended. Turnover swelled to 4.19 billion units worth RM5.97 billion, from Thursday's 3.99 billion units worth RM4.08 billion. UOB Kay Hian Wealth Advisors head of investment research, Mohd Sedek Jantan, noted the FBM KLCI's gains were led by utilities, logistics, and banking stocks, reflecting improved market sentiment. Additiona
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Apple to Update Browser Options and App Deletion Features in Response to EU Regulations

Apple announced that it will introduce several changes to comply with the European Union's (EU) Digital Markets Act (DMA), including updates to how users select browser options and the ability to delete more pre-installed apps. These changes come as the iPhone maker responds to pressure from EU regulators to enhance user choice and competition on its platform.

Key Takeaways:

  1. Browser Selection Updates: In response to the DMA, Apple will update its "choice screen" later this year, allowing EU users to select their default browser directly from a randomly ordered list of 12 browsers per country when they first open Safari. This list will include short descriptions of each browser, and the selected browser will be automatically downloaded. The choice screen will also be available on iPads through an update.

  2. Enhanced Default App Management: Apple will introduce a dedicated section within its devices for users to set default apps for various functions, including messaging, phone calls, spam filters, password managers, and keyboards. This move is aimed at providing more flexibility and user control over the apps they prefer to use for essential functions.

  3. Increased App Deletion Options: Apple plans to make more of its pre-installed apps deletable, including major apps like the App Store, Messages, Camera, Photos, and Safari. Only the Settings and Phone apps will remain undeletable. This change gives users greater control over the software on their devices, aligning with the DMA's goals of fostering competition and user freedom.

  4. Regulatory Dialogue and Compliance: Apple has been in ongoing discussions with the European Commission to ensure that its updates align with the DMA's requirements. The Commission will monitor the effectiveness of these changes and decide on any further actions needed to ensure compliance.

These updates reflect Apple's efforts to meet the EU's regulatory demands while continuing to enhance the user experience. By providing greater choice and flexibility in app management, Apple aims to address concerns about its compliance with the DMA and the broader goals of fostering competition and user autonomy in the digital marketplace.

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