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.
Key Takeaway Nvidia is warning that the proposed AI GAIN Act could hurt its global competitiveness, just weeks after President Trump struck a deal allowing chip exports to China. The legislation would force U.S. AI chipmakers to prioritize domestic orders, raising concerns of supply disruptions, weaker global presence, and intensified pressure from Washington’s tech policies. What’s the AI GAIN Act? Part of the National Defense Authorization Act . Requires AI chipmakers to fill U.S. orders first before selling advanced processors abroad. Blocks Commerce Department from approving exports of the most powerful AI chips (processing power 4,800+ ) if U.S. buyers are still waiting. Nvidia Pushes Back Nvidia insists it never deprives U.S. customers to serve overseas demand. Warns the bill would “restrict global competition” and harm U.S. leadership in AI. Says impact would mirror the controversial AI Diffusion Rule , which...