KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.
Quick Summary US stocks extended losses , with tech and crypto leading the sell-off Nasdaq 100 suffered its worst three-day drop since April Bitcoin plunged to around US$64,000 , wiping out gains since Trump’s election Weak US jobs data and AI valuation fears intensified risk-off sentiment What’s Driving the Sell-Off A fresh wave of selling hit Wall Street as investors reassessed lofty valuations tied to AI, software and crypto , just as US labour data showed cracks in economic momentum. The S&P 500 fell 1.2% , while the Nasdaq 100 extended its steepest three-day rout in months. Selling broadened beyond growth stocks, with nine of 11 sectors in the S&P 500 declining. Tech & AI in the Crosshairs Big Tech earnings added fuel to the fire: Amazon sank after flagging even heavier spending on data centres and chips Microsoft and Alphabet also slid on concerns that massive AI investments may...