KUALA LUMPUR, June 24 (Bernama) -- Bursa Malaysia finished higher on Wednesday as bargain-hunting activities emerged following recent pullback in the market, analysts said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 0.13 per cent, or 2.21 points, to 1,682.13 from Tuesday’s close of 1,679.92. The index opened 2.11 points better at 1,682.03 and moved between 1,680.49 and 1,690.66 throughout the trading session. Market breadth was positive with gainers outpacing decliners 518 to 483, while 564 counters were unchanged, 1,175 untraded and 41 suspended. Turnover shrank to 2.76 billion units valued at RM2.42 billion against 3.35 billion units worth RM3.12 billion on Tuesday.
South Korean stocks rebounded sharply on Wednesday, with the KOSPI surging 4.1% after suffering a near 10% selloff a day earlier.
The recovery was led by semiconductor heavyweights, with Samsung Electronics jumping more than 9% and SK Hynix gaining 5% as retail investors rushed to buy the dip.
What's Driving the Rebound?
- Retail investors stepped in aggressively after Tuesday's selloff.
- FOMO-driven buying boosted leveraged ETF activity.
- Chip stocks recovered as investors looked ahead to Micron's upcoming earnings report.
Why Investors Should Pay Attention
The rebound highlights how quickly sentiment can swing in markets that have been driven by AI optimism and heavy retail participation.
Key risks remain:
- Micron earnings this week
- US inflation and jobs data
- Elevated leverage in technology-related ETFs
Key Takeaway
The AI story remains intact, but recent moves show that valuations and sentiment are becoming increasingly sensitive to new catalysts.
For investors, the latest rebound is a reminder that volatility is likely to remain high even as the long-term AI theme stays firmly in place.
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