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.
Bitcoin Hits Record High as U.S. Congress Kicks Off ‘Crypto Week’ — All Eyes on Stablecoin & Clarity Bills
Bitcoin and the broader crypto market are soaring , fueled by optimism that U.S. Congress may finally pass meaningful crypto legislation during what’s been dubbed “ Crypto Week .” Key Bills in Focus Stablecoin Legislation (High Odds of Passing) Bipartisan support Seeks clear rules for stablecoin issuance and reserve requirements Most likely to reach the President’s desk this week Clarity Act Would define jurisdiction between SEC vs. CFTC Addresses long-standing regulatory uncertainty for digital assets Anti-CBDC Bill Would ban a U.S. digital dollar (CBDC) Less critical to the market but still symbolically important Market Sentiment & Commentary “It’s a Goldilocks moment” — low regulation risk, strong prices, and political momentum The Stablecoin bill has the most support; its passage would be a historic regulatory breakthrough The Clarity Act could unlock broader institutional participation by reducing compliance ambi...