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Market Daily Report: Bursa Malaysia Ends Higher On Positive Sentiment, CI Up 0.83 Pct

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia closed higher today, buoyed by supportive local economic policies, positive sentiment from strong technology stocks earnings, and a favourable United States (US) market outlook, an analyst said. Add to that, Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is poised to encourage domestic spending and investment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.47 points, or 0.83 per cent, to close at its intraday high of 1,634.17, compared to Tuesday’s close of 1,620.70. The benchmark index opened 3.71 points higher at 1,624.41 and subsequently hit a low of 1,623.52 in early trade before trending upwards toward the closing session. Market breadth was positive, with advancers trumping decliners 849 to 352, while 428 counters were unchanged, 765 untraded, and nine suspended. Turnover expanded to 3.39 billion units
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Instagram to Use AI for Age Verification in Push to Protect Teens


In response to growing scrutiny over its impact on teen mental health, Meta Platforms Inc. is introducing artificial intelligence to detect underage users on Instagram who lie about their age. By early next year, Meta’s AI-driven "adult classifier" will assess user data—such as follower lists and birthday messages—to determine if a user is likely under 18, regardless of their listed age.

Key Points:

  • AI-Powered Age Detection: The adult classifier will automatically place suspected underage users into restricted teen accounts with privacy settings that limit message access and content exposure.
  • Enhanced Age Verification: Teens attempting to alter their age or create new accounts will need to provide proof, such as a driver’s license or video-selfie verification via third-party service Yoti.
  • Privacy and Parental Controls: Users aged 16 and 17 can adjust restrictions, but younger teens require parental consent to disable protective settings.
  • Industry Challenges: Meta's move addresses the ease of age falsification online, which remains widespread due to minimal verification requirements on many platforms.

While Meta aims to make it harder for teens to bypass age restrictions, critics argue that a comprehensive solution may require broader industry cooperation, as age verification is difficult to enforce consistently across digital platforms.

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