KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.
India’s IT sector is facing a deepening downturn , with over US$115 billion in market value erased , as weak earnings and rising AI disruption shake investor confidence. Earnings Disappoint, Growth Outlook Weakens Recent results from major players have reinforced concerns: Infosys guided below-expectation revenue growth HCL Technologies reported a profit miss , triggering multiple downgrades The Nifty IT Index fell over 5% , hitting its lowest level since mid-2023 , and is now down ~25% in 2026 , making it the worst-performing sector in India . Twin Headwinds: Macro Weakness and AI Disruption The sector is grappling with two major challenges : Weak global demand Ongoing geopolitical tensions and economic uncertainty are reducing discretionary IT spending Clients are delaying large, multi-year projects Rapid rise of AI AI is disrupting traditional outsourcing models Firms must adapt quic...