KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
Key Takeaways Washington and Beijing agreed on a framework deal allowing TikTok to continue in the US. The arrangement includes a divestment of TikTok US from ByteDance , though China will retain control of the core algorithm. A planned call between US and Chinese leaders later this week is expected to finalize the deal. Data privacy and national security remain unresolved concerns, particularly around potential backdoor access to US user data. The agreement is part of broader US-China trade and tech negotiations , highlighting AI and data security as central themes. Deal Overview The US and China have established a framework that lets TikTok continue operations in the US under US-controlled ownership, separating it from Chinese parent ByteDance. Beijing has signaled it will not sell the company’s algorithm — seen as the platform’s “secret sauce.” Instead, the deal focuses on corporate restructuring rather than full technology transf...