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.
A handful of tech giants — often dubbed the “Magnificent 7” — are no longer just driving markets; they are reshaping the economy through massive investments in AI infrastructure. What started as a stock market narrative is now spilling into GDP-level significance, bond markets, and industrial-scale capital allocation. From Promise to Reality The conversation around AI often focuses on the future , but the present impact is in capital spending . Billions are flowing into servers, GPUs, data centers, and energy infrastructure , shifting Big Tech from “virtual” companies into industrial-scale operators . CapEx Explosion Four major firms are on track to spend over $300B this year , and about six could exceed $400B combined. Pre-pandemic, only 20% of their book value was tied to property, plant, and equipment. Now, over 70% is industrial assets. Instead of fueling cash reserves and share buybacks, free cash flow is...