KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Smartphones to Smart Cars
Xiaomi's second EV, the YU7 SUV, is making headlines — 289,000 pre-orders in the first hour and an 8% share surgeto a lifetime high. This electric move challenges Tesla’s Model Y head-on.
Key Specs & Pricing
Starting at 253,500 yuan (~US$35,360)
Top model: 329,900 yuan, 760km range, 0–100km/h in 3.23s
All models with lidar, massage chairs, 800V fast charging
Investor Buzz
Goldman Sachs raised price target 6%, citing consumer excitement
YU7 pre-orders outpaced SU7’s, with buyers allowed to switch models pre-delivery
EV unit expected to reach profitability by 2H 2025
MoneyMaster Take — Key Insights:
Xiaomi is scaling fast in EVs — and challenging legacy players.
EV hype is translating to real revenue — not just headlines.
Risks remain — safety scrutiny, price wars, and regulatory oversight.
Our Move:
Xiaomi’s EV momentum is real, but the stock has already priced in a lot. Consider a trailing stop-loss strategy or exposure via broader China innovation ETFs.
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