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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.

YouTube Bets Big on AI as Content Creation Turns Professional

  Key Takeaways YouTube turns 20 with  2.7 billion users  and is set to  surpass Disney in media revenue  this year. CEO Neal Mohan stresses  AI tools will empower, not replace, creators . Over  30 new AI-enabled tools  unveiled, from instant video edits to speech-to-song generation. YouTube has  paid out US$100B to creators  in the past four years. NEW YORK, Sept 17 (Reuters)  — YouTube marked its 20th anniversary with a bold push into artificial intelligence, unveiling more than  30 new AI-driven tools  to help creators produce, edit, and monetize content. CEO  Neal Mohan  emphasized that AI would not replace jobs but instead serve as a  “toolbox” to empower creators , reinforcing YouTube as a  “viable, respectable and sustainable career path.” AI at the Core of Growth Backed by  Google’s AI expertise , YouTube is deploying features that: Auto-embed shopping links into videos. Generate first-cut ...

Recession Isn't Biggest Risk for Markets, Says Boivin

  Key Takeaways: Rate Adjustments & AI Outlook:  The Federal Reserve’s projected interest rate adjustments are likely to have a limited effect on equity markets in the short term. While some may fear that higher rates will constrain growth, the real driver of returns, particularly in the U.S., will be advancements in Artificial Intelligence (AI), which continues to be viewed as a powerful growth engine. Tariffs and Economic Resilience:  The biggest risk to the market is not a recession, but rather long-term decisions regarding infrastructure and fiscal policies that could reduce structural growth in the U.S. Even with rising tariffs, the economy has shown resilience, and the focus should be on how these decisions impact long-term growth rates, rather than short-term market dips. China vs. U.S. in AI Development:  Both the U.S. and China stand to benefit from the AI revolution, but the U.S. is seen as having a more favorable macro environment, making it the strong...