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.
Market Overview
- US equity futures bounced back on Wednesday, as investors shifted focus to Nvidia's highly anticipated Q4 earnings and evaluated the impact of Trump’s evolving trade policies.
- The rebound follows a volatile session, where major indices extended their declines amid concerns over rising tariffs and inflationary risks.
Nvidia Earnings in Focus
- Nvidia (NVDA), a key driver of AI sector growth, is set to report earnings later today.
- Key expectations:
- Revenue surge fueled by AI demand
- Guidance on next-gen GPU launches
- Competition with China's DeepSeek and regulatory challenges
- Investors will assess CEO Jensen Huang's comments on AI infrastructure and potential market risks.
Tech Stock Movers
- Super Micro Computer (SMCI) and Palantir (PLTR) saw pre-market gains, reflecting positive sentiment toward AI-linked stocks.
- Tesla (TSLA) continued its slide, with Elon Musk’s wealth taking a major hit as investor concerns mountover demand and competition.
Trump’s Trade Policies and Market Sentiment
- Markets remain cautious over Trump's proposed tariffs and regulatory shifts.
- Investors are watching for updates on US-China trade relations, which could impact tech stocks and semiconductor supply chains.
- The US dollar and Treasury yields have stabilized after recent declines.
Other Key Market Developments
- Amazon unveils its first quantum computing chip, marking a major step into the AI and cloud computing race.
- Hedge funds face fresh regulatory scrutiny, as global watchdogs monitor leveraged bets on interest rates and bond markets.
- Crude oil prices hold steady, while Bitcoin continues its selloff, trading near three-month lows.
Investor Watchlist
- Nvidia’s earnings call and AI sector outlook
- Federal Reserve commentary on inflation and rate cuts
- Trump’s tariff impact on corporate earnings and global trade
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