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.
The US Federal Trade Commission (FTC) released a report on Thursday criticizing social media companies for their inadequate data management practices and the lack of transparency regarding how user data is used by artificial intelligence systems . The report highlights major platforms like Meta , TikTok , and Twitch , among others, revealing how they collect, share, and retain vast amounts of user information with minimal user control. The report found that the data management policies of these companies, including YouTube , X (formerly Twitter) , Snap , Discord , and Reddit , are insufficient to protect users' privacy. Although specific companies' practices were anonymized, the FTC emphasized that data tracking technologies used for online advertising and data purchased from brokers create privacy risks that could lead to harms like identity theft and stalking . FTC Chair Lina Khan criticized the companies' reliance on surveillance practices , noting that these stra...