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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.
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Asian Stocks Slide as Tech Sell-Off Deepens on AI Valuation Fears

Asian equities fell for a  second straight session  on Thursday as the global tech rout gathered pace, driven by  concerns over stretched valuations, massive AI spending, and the risk of AI disrupting traditional software models . What’s Driving the Move The  MSCI Asia-Pacific Index  fell  0.7% , extending losses South Korea’s  Kospi Index  dropped  2% , leading regional declines amid heavy AI exposure Weak post-earnings reactions in  Alphabet Inc ,  Qualcomm Inc , and  Arm Holdings  weighed on sentiment The  Nasdaq 100  suffered its  worst two-day fall since October , breaking below its 100-day moving average — a technical red flag for some traders Big Picture: Rotation Out of Tech Investors are increasingly  rotating away from technology , especially: Software stocks , pressured by fears AI will  compress pricing and erode moats Chipmakers , where selling has been even more aggressive A Bloomberg...
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Amazon Joins AI Chip War as Crypto Miners Pivot to Power the Boom — But Bubble Fears Are Rising

 Amazon has officially stepped deeper into the  AI arms race , launching  Trainium 3 , a new chip built to challenge Nvidia’s dominance in the GPU market. The latest hardware — available through Amazon Web Services — promises  4x faster model training  than its predecessor while using the  same energy footprint . Each cluster of Amazon’s new “UltraServers” can run up to  144 Trainium 3 chips , enabling large-scale LLM training at hyperscaler level. The move positions Amazon directly against  Google and Nvidia , both of which dominate today’s AI infrastructure landscape. Google’s lead in the AI model race has reportedly pushed  OpenAI CEO Sam Altman  into a “code red” mode. Crypto Miners Become AI’s New Powerhouses The AI boom has created a problem even Big Tech struggles with:  massive energy and space requirements . Enter crypto miners — companies already running large-scale, power-heavy data centers. After the  2024 Bitcoin h...
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Asian Stocks Poised to Ride Wall Street Wave After Tech Surge

Asian markets are set to rally Thursday, following a tech-driven boost on Wall Street that sent the  S&P 500 up 0.6%  and the  Nasdaq 100 up 0.7% , with  Nvidia hitting a record-breaking US$4 trillion valuation . Despite fresh tariff threats from President Trump—including a steep  50% tariff on Brazilian imports —investors appeared to  look past trade war fears  and instead focused on resilient corporate earnings and the AI boom.  Bitcoin also surged past US$112,000 , signaling continued risk appetite. Highlights: Futures in  Japan and Australia  are rising;  Hong Kong  remains flat. Treasury yields  fell after a strong US$39 billion 10-year bond auction. Fed minutes  showed division over inflation risk from tariffs. CNN’s Fear & Greed Index  is now signaling  extreme greed . Gold up 0.4% , oil and the dollar stayed flat. What to watch next: South Korea rate decision China’s money supply data (due by...
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Stock Market Rally Powers Into July—But Risks Loom

  What Happened: After a two-month rally, major indexes hit record highs in June:  S&P 500, Nasdaq Composite  posted new closing records. Tailwinds: Historical data suggests July is often strong for stocks. Potential continued rally if recent patterns hold:  6%-10% additional gains  possible after recovering losses, historically. Risks to Watch: Trump’s  One Big Beautiful Bill Act  could shake markets: tax policy shifts and debt ceiling effects on liquidity. Tariff pause ends July 9:  Trade policy uncertainty could pressure sectors sensitive to global supply chains. Earnings season:  Starts mid-July; watch the  Magnificent Seven tech stocks . High valuations + disappointing results could trigger correction.
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In Light of Better-than-Expected Feb CPI Data, Is It Time for the US Market to Rebound?

The  February Consumer Price Index (CPI)  data released this Wednesday showed inflation cooling more than expected, offering a brief respite for markets that have been rattled by  trade tensions  and  valuation concerns . Here's an overview of how the data affected the market: Key CPI Data Highlights: Headline CPI  increased by  0.2% month-over-month , below the  0.3%  economists anticipated. Core CPI  (excluding food and energy) rose  0.3% , also missing forecasts. On an  annual basis , headline inflation eased to  2.8%  from  3.0%  in January, indicating that price pressures might be stabilizing. Market Response: The  Nasdaq Composite  jumped  over 1% , while the  S&P 500  added  0.8%  in early trading. The  Dow Jones Industrial Average , however, closed  down 0.2% , weighed down by  trade-exposed industrials . 10-year Treasury yields  fell by...
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