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 Stargate UK project: Nvidia and OpenAI to support UK’s sovereign AI hub with Nscale Global Holdings. Massive investment: UK’s northeast “AI Growth Zone” expected to attract £30B private capital , including £10B from Blackstone . Infrastructure scale: First phase to deploy 8,000 GPUs , expandable to 31,000 units from 2026. Jobs impact: Project expected to create 5,000+ jobs in Blyth and Cobalt Park data center hubs. Project Overview The UK government announced the launch of Stargate UK , a strategic initiative to build sovereign AI infrastructure. The platform will enable OpenAI’s technology to run on local servers , reducing reliance on overseas data centers and reinforcing national tech autonomy. The initiative is backed by US-UK tech collaboration, with Nvidia (NVDA US) providing GPU hardware and OpenAI supplying its AI models. Data center operator Nscale Global Ho...