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.
President-elect Donald Trump has named venture capitalist David Sacks as the "White House AI & Crypto Czar," signaling the administration’s focus on artificial intelligence and cryptocurrency as critical areas of policy innovation and economic growth. The Announcement In a post on Truth Social , Trump outlined Sacks' dual mandate: Artificial Intelligence (AI): Position the U.S. as the global leader in AI innovation while protecting free speech and addressing concerns over big tech bias. Cryptocurrency: Develop a comprehensive legal framework to provide clarity for the industry and foster its growth in the U.S. “David will focus on making America the clear global leader in both areas,” Trump wrote. “He will safeguard free speech online and steer us away from big tech bias and censorship.” Why This Matters Growing Importance of AI and Crypto: Both sectors are seen as pillars of future economic competitiveness. The appointment reflects the administration’s recogniti...