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.
Taiwan Semiconductor Manufacturing Co. (TSMC) just delivered a blowout 39% surge in revenue for Q2 , exceeding analyst forecasts and reinforcing its position as a cornerstone of the AI boom . Q2 Highlights: Revenue: NT$934 billion (≈US$32 billion), beating the NT$928 billion analyst consensus. Sales Drivers: Strong demand from Nvidia and Apple for high-performance chips powering AI and mobile devices. Guidance: TSMC is on track to hit the high end of its US$29.2 billion sales forecast for the quarter. What’s Fueling the Surge? The generative AI gold rush, led by Nvidia’s $4 trillion milestone , continues to lift chipmakers like TSMC, who supply the vital infrastructure for AI training and deployment. CEO C.C. Wei confirmed that AI chip demand still exceeds supply , and reiterated that TSMC's 2025 sales are expected to grow in the mid-20% range (USD terms) . Massive Investmen...