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Market Daily Report: Bursa Malaysia Closes Higher On Strong Buying Of Blue Chips

KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session.  Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
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Tencent Unveils Hunyuan Turbo S AI Model, Claims Faster Responses Than DeepSeek-R1

Tencent Enters AI Speed Race

  • Tencent has launched its latest AI model, Hunyuan Turbo S, claiming it can respond to queries faster than DeepSeek’s R1—one of the most widely adopted AI models globally.
  • The tech giant says Turbo S can generate answers in under a second, setting it apart from models like DeepSeek R1 and Hunyuan T1, which require more processing time before responding.

Performance and Competition

  • Turbo S reportedly matches DeepSeek-V3 in fields like knowledge, mathematics, and reasoning.
  • DeepSeek-V3 has already surpassed OpenAI’s ChatGPT in app store downloads, adding pressure on Tencent and other Chinese tech firms to accelerate AI advancements.
  • DeepSeek did not immediately respond to Tencent’s performance claims.

China’s AI Arms Race Intensifies

  • DeepSeek’s rapid global success, particularly its adoption in Silicon Valley, has forced Chinese tech giants into a race to enhance their AI models.
  • Last month, Alibaba launched Qwen 2.5-Max, claiming it outperforms DeepSeek-V3 across various benchmarks.
  • Tencent has also reduced Turbo S’ usage costs significantly, a direct response to DeepSeek’s open-source, low-cost strategy that has disrupted AI pricing in China.

What’s Next?

  • With China’s AI firms aggressively pushing new models, pricing wars and rapid iterations are expected to continue.
  • As Tencent, Alibaba, and DeepSeek battle for AI supremacy, the global AI market could see faster, more affordable models entering the competition against OpenAI and Google’s Gemini.
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