KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia ended higher on Thursday as easing US Treasury yields improved risk appetite following the US Treasury’s announcement of increased buyback operations, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.39 points, or 0.31 per cent, to 1,736.71 compared with Wednesday’s close of 1,731.32. The benchmark index opened 0.79 of a point higher at 1,732.11, and fluctuated between 1,732.11 and 1,739.13 throughout the day. On the broader market, losers outpaced gainers 610 to 577, while 610 counters were unchanged, 1,075 untraded and 16 suspended. Turnover increased to 4.28 billion units valued at RM4.01 billion from 3.31 billion units valued at RM2.92 billion on Wednesday. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said lower yields helped ease pressure on growth stocks, with technology counters benefitting from renewed investor interest.
An Australian computer scientist, who falsely claimed to have invented bitcoin, was found in contempt of court on Thursday for filing a £911 billion (US$1.2 trillion) lawsuit in Britain against Twitter founder Jack Dorsey's payments company, Block.
Key Points:
- Craig Wright, the claimant, had long asserted he was Satoshi Nakamoto, the pseudonymous author of bitcoin's foundational 2008 white paper.
- In May 2024, London's High Court ruled that Wright had lied extensively, fabricated documents, and did not invent bitcoin.
- The case was initially brought by the Crypto Open Patent Alliance (Copa), aiming to prevent Wright from suing bitcoin developers based on his false claims.
- Copa argued that Wright's recent lawsuit against Block violated a prior injunction, which barred him from pursuing litigation based on his false assertion of intellectual property rights over bitcoin.
- Judge James Mellor ruled Wright to be in contempt of court during a Thursday hearing that Wright did not attend.
- Last month, Wright was also denied permission to appeal Mellor's ruling that he is not the inventor of bitcoin.
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