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 Takeaway: Asian markets opened mixed on Wednesday, tracking Wall Street’s pause after a record-breaking run. Investors are turning cautious amid stretched valuations and renewed talk of profit-taking in AI-driven sectors. Market Overview Region / Asset Latest Trend Note Tokyo Futures Slight gain Mild uptick expected Sydney Futures Flat Limited movement Hong Kong Reopens After public holiday S&P 500 (.SPX.US) -0.4% Ends record streak Oil Higher Inventory drop at U.S. hub Gold Near US$4,000 Approaches all-time high JPY/USD Yen weaker Lowest since February EUR/JPY Record high Since euro’s 1999 launch Wall Street Pullback The S&P 500 slipped 0.4% on Tuesday, halting a string of all-time highs after a US$16 trillion surge since April raised concerns of overheating. Tech-related profit-taking continued as investors reassessed lofty valuations and AI-driven optimism. Citigroup’s Chris Montagu warned that profit-taking risks are “particularly elev...