KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
The term “内卷” (neijuan) , or “involution,” refers to relentless competition that leads to stagnation instead of progress—think firms slashing prices to survive rather than innovate or grow. This phenomenon has become especially toxic in China’s high-stakes sectors like: Solar energy New energy vehicles (NEVs) Steel, cement, aluminum Chemicals Even downstream consumer sectors like food and healthcare Stock Market Response: A-Shares Take the Lead Investors are starting to price in change. July saw the CSI 300 Index (onshore A-shares) outperform the Hang Seng China Enterprises Index , marking a turnaround in sentiment. Notable winners: Liuzhou Iron & Steel (+50%) Angang Steel (+16%) Xinjiang Daqo New Energy & Tongwei (+19%+) Cement, glass, and chemical stocks also rallied Morgan Stanley even shifted its preference toward onshore equities , citing improved confidence. Will This Be 2015 All Over Again? Vete...