KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary Global equities fell for a second day amid AI disruption fears and tariff uncertainty S&P 500 down 1%, Nasdaq -1.1% New US 10%–15% blanket tariffs deepen policy confusion Gold volatile, Bitcoin extends losses Markets Turn Cautious Global shares extended losses as investors weighed: Fresh US tariff changes by President Donald Trump Geopolitical tensions Renewed fears over AI-driven economic disruption The MSCI All-World Index dipped for a second straight session. In the US: S&P 500 -1.0% Nasdaq -1.1% Despite the pullback, the S&P remains only ~2.5% below record highs , highlighting that the correction is still contained. AI Disruption Narrative Gaining Momentum A bearish report from Citrini Research sparked fresh debate over: AI’s long-term impact on employment Corporate profitability Global economic structure Concerns are growing that: Massive AI-related capex and borrowing Concentration risk in AI mega-caps could...