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.
Meta Platforms (NASDAQ: META) has launched a $30 billion public bond offering , the largest U.S. investment-grade corporate issuance this year , according to Bloomberg. The move comes just days after the company reported disappointing quarterly earnings and signaled plans to ramp up spending on artificial intelligence. Strong Investor Demand Sources said Meta received an estimated $125 billion in orders , setting a record level of investor demand for a U.S. corporate bond deal. The bonds will be issued in six tranches , reflecting broad interest across maturities. This strong appetite underscores investors’ confidence in Meta’s long-term financial stability and AI-focused growth strategy , despite short-term earnings weakness. AI Spending Push In its latest update, Meta reaffirmed plans to “aggressively” boost AI-related investment , focusing on building next-generation infrastructure and integrating AI tools across...