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.
Key Takeaways North America remains skeptical about China’s AI sector, while Asian investors are going all-in . China’s AI boom fuels a $46 billion tech rally domestically, despite concerns from global investors. Hedge funds profit from market volatility , while long-only emerging market (EM) funds double down on China. Valuation gaps widen: Alibaba trades at 10x earnings , while Nvidia sits at 32x . The US shifts its BTC reserve plan to a broader 'crypto reserve' , sparking mixed reactions. 1. The AI Divide: Silicon Valley vs. Shenzhen Western Investors Stay Skeptical: 62% of US investors believe China’s AI lags years behind the US. 78% demand immediate returns before committing capital. Only 22% believe AI can significantly move Chinese tech stocks . Asia Sees AI as China’s Next $1 Trillion Growth Driver: 93% of Chinese traders say AI is the biggest tech opportunity. "ROI takes a backseat to compute power." Investors fo...