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.
India and Singapore have signed agreements to enhance collaboration in semiconductors and digital technologies, positioning themselves as significant players in a reshaped global chip supply chain amid US-China tensions. Key Highlights: Strengthening Chip Ties : During Indian Prime Minister Narendra Modi's two-day visit to Singapore, the two countries agreed to cooperate on semiconductor talent development, chip design, and manufacturing, and to encourage Singaporean tech investment in India. They will also enhance collaboration in cybersecurity, 5G networks, supercomputing, and artificial intelligence (AI). Strategic Positioning in Global Chip Supply Chain : As geopolitical tensions between the US and China disrupt the global chip market, India and Singapore are positioning themselves as beneficiaries. Both nations are looking to leverage the creation of stand-alone supply chains by China and Western countries, which could lead to new business opportunities in a market projected t...