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.
Aggressive Price Cuts Shake AI Industry Chinese AI startup DeepSeek has announced steep discounts of up to 75% on its AI model usage during off-peak hours , according to an update on its website. The move is expected to pressure global AI leaders like OpenAI and Google to further lower their prices. Key Pricing Details Off-peak hours (1630 GMT – 0030 GMT) will see: 75% reduction in API costs for DeepSeek’s R1 model 50% reduction for the V3 model While these hours are considered “off-peak” in Beijing (0030 – 0830 local time), they coincide with peak daytime hours in the U.S. and Europe , potentially intensifying competition. Market Impact & Competitive Pressure DeepSeek’s rapid expansion and aggressive pricing strategy have already disrupted global AI markets , contributing to last month’s tech stock selloff. OpenAI and Google have responded by introducing their own price cuts for their AI offerings. The company is now reportedly accelerating the l...