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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.

South Korean Shares Drop Over 1% as Chip and Battery Stocks Decline

South Korean shares fell more than 1% on Thursday, led by declines in chip and battery makers, following the overnight weakness in US tech stocks. The Korean won weakened, while the benchmark bond yield rose. Market Performance: KOSPI Index: The benchmark KOSPI fell 29.17 points, or 1.14%, to 2,539.24 by 0133 GMT. Volatility: Trading has been volatile this week, with the index experiencing a rebound after a significant plunge, the largest since late 2008. Key Stock Movements: Chipmakers: Samsung Electronics: -2.14% SK Hynix: -4.13% Battery Makers: LG Energy Solution: -2.47% Samsung: -3.96% SK Innovation: -1.53% Global Influence: US Market Impact: US stocks ended lower on Wednesday, with the Nasdaq falling 1% due to declining technology shares and weak demand in a 10-year Treasury auction, increasing investor jitters. Other Notable Stocks: Kakao: Traded marginally lower despite the e-commerce firm reporting a rise in profit. Market Breadth: Of the 935 traded issues, 259 shares adva...