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 Developments: Foxconn’s AI server plant in Jalisco will be completed within a year , despite US tariffs on Mexico. US$900 million investment will create the world’s largest Nvidia-powered AI server assembly plant. Jalisco’s semiconductor industry is booming , with new investments from ASE, Micron, and Foxconn. State government is fast-tracking permits and offering incentives to accelerate the project. Mexican industrial sector remains strong despite Trump’s 25% tariff threat. Foxconn’s AI Expansion in Mexico Foxconn Technology Group (Hon Hai Precision Industry Co) is pushing ahead with its US$900 million AI server megaplant in Jalisco, Mexico, despite potential US trade tariffs , according to Jalisco Governor Pablo Lemus Navarro . The state-of-the-art facility will be dedicated to assembling AI servers powered by Nvidia's GB200 chips , making it the largest such pl...