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.
Quick Summary: Asian tech shares bounced back early Thursday, tracking a recovery in US tech stocks after buyers stepped in during a late-session rebound on Wall Street. Key Highlights Asian Tech Recovery: 2 gainers for every 1 decliner in the MSCI Asia Pacific Tech Index. TSMC gained 0.9% after a sharp fall on Wednesday. Samsung Electronics and Advantest Corp also rose. Nasdaq 100 futures dipped slightly ( -0.1% ) after recovering off the day’s lows. Market Mood: Investors are cautious ahead of the Jackson Hole Symposium , where Fed Chair Powell is expected to speak about inflation and interest rates. Expert Views “Markets may be pricing in too much optimism about a Fed pivot,” said Kyle Rodda, Capital.com. “Tech needs to stay strong to avoid a broad sell-off,” warned Matt Maley, Miller Tabak. US Market Snapshot Nasdaq 100 and Magnificent Seven tech stocks fell for the second and fourt...