KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Key Takeaway:
US stock futures edged higher ahead of this week’s CPI and PPI reports, which will shape the Federal Reserve’s rate-cut path. Beyond macro, investors are watching OpenAI’s ballooning $115B cash burn projection, the Trump family’s $1.3B crypto windfall, and heavy inflows into Alibaba shares.
Futures Steady Ahead of Data
S&P 500 futures rose 0.22%, Nasdaq futures gained 0.37%, and Dow futures edged up 0.14%. Market attention is firmly on August CPI and PPI, with traders already pricing in a September rate cut.
OpenAI’s Spending Surge
OpenAI raised its projected cash burn through 2029 to $115B, $80B higher than earlier estimates. Heavy AI infrastructure and ChatGPT expansion costs are driving the increase. The report highlights the intensity of AI investment and potential spillover to chipmakers and cloud providers.
Trump Family’s Crypto Windfall
The Trump family has accumulated $1.3B from World Liberty Financial and American Bitcoin. Eric Trump’s ABTC stake alone is now valued at $500M. The development underscores crypto’s growing role in wealth creation and politics.
Alibaba Leads China Inflows
Mainland investors bought $1.7B of Alibaba shares via Hong Kong last week, the largest inflow since April. Bargain-hunting and policy optimism are fueling sentiment, making Alibaba the top pick for Chinese traders.
Meta’s $600B US Infrastructure Bet
Meta announced plans to invest $600B in US infrastructure by 2028, spanning data centers and related projects. The move reinforces demand expectations across AI and cloud supply chains.
Investor Watch
Key catalysts this week are August CPI/PPI, labor data revisions, and Fed expectations. AI spending, crypto adoption, and China flows remain strong secondary themes.
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