KUALA LUMPUR, April 25 (Bernama) -- Bursa Malaysia extended its uptrend for a third consecutive day on Friday, closing higher on renewed buying interest amid positive regional market performance due to potential de-escalating US-China trade tensions. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.68 points, or 0.18 per cent, to 1,509.20 from Thursday’s close of 1,506.52. The benchmark index opened 5.12 points better at 1,511.64, and moved between 1,505.68 and 1,512.29 throughout the day. Market breadth was positive, with advancers beating decliners 651 to 325, while 434 counters were unchanged, 1,047 untraded, and 39 suspended. Turnover improved to 3.10 billion units valued at RM1.95 billion against Thursday’s 3.08 billion units valued at RM2.14 billion.
As recession fears grow from Trump’s tariff war, Cathie Wood, CEO of ARK Invest, urges investors to look beyond short-term pain and focus on disruptive innovators poised to lead in recovery.
Why Innovation Wins in a Downturn:
“When businesses and consumers are scared, they change the way they operate,” said Wood. That opens doors for companies that help others do things better, cheaper, faster, and smarter — especially with AI and automation leading the way.
Top Cathie Wood Picks for a Recession Playbook:
Palantir (PLTR) +19.00%
AI-powered data analytics for governments and corporations
Key asset as firms seek efficiency through AI transformation
“Palantir will be a major beneficiary as the C-suite scrambles to get AI-ready.”
Tesla (TSLA) +22.69%
Down 28% YTD before rebounding sharply
Launching $30K EV model, reviving affordability in car buying
Robotaxi vision = cheaper Uber-like rides without human drivers
Less tariff exposure thanks to North American sourcing
“The best cars will win — not the news cycle,” Wood says of Musk-related controversies.
CRISPR Therapeutics (CRSP) +11.58%
Gene-editing biotech firm targeting genetic diseases
Leading the charge in next-gen healthcare breakthroughs
Tempus AI (TEM)
Combines AI with health records for early, accurate disease diagnosis
Uber Technologies (UBER) +11.70%
A model for the pay-as-you-go future of transport
Will benefit as Tesla's robotaxi concept gains traction
What About the Risks?
Many of these firms are not yet free cash flow positive, but Wood says 4–6 years of runway is enough to survive.
Innovation stocks have been punished by high rates, but “much of the bad news is already priced in.”
Despite looming recession fears, Cathie Wood sees this as a generational buying moment for innovation-driven firms in AI, EVs, biotech, and data. These aren’t just bets on survival — they’re plays for future dominance in a post-crisis economy.
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