KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia ended higher on Tuesday, outperforming most regional markets as investors continued to rotate towards commodity and plantation-related stocks, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.47 points, or 0.43 per cent, to 1,733.36 compared with Monday’s close of 1,725.89. The benchmark index opened 1.63 points higher at 1,727.52, and fluctuated between 1,723.60 and 1,734.53 throughout the day. On the broader market, losers outpaced gainers 762 to 438, while 576 counters were unchanged, 1,075 untraded and 16 suspended. Turnover expanded to 3.74 billion units valued at RM2.91 billion from 3.45 billion units valued at RM2.74 billion on Monday.
In a remarkable display of resilience and innovation, Chinese tech companies from industry giants to ambitious startups converged at the World AI Conference in Shanghai this week. The event highlighted the strength and potential of China's artificial intelligence sector amidst ongoing global challenges. Key Takeaways: Innovation Amidst Challenges: Chinese AI firms continue to innovate and adapt despite facing external pressures such as U.S. sanctions. Shift in Strategic Focus: There is a noticeable shift from purely developing advanced AI models to applying these technologies in practical, real-world scenarios. Global Competitiveness: Chinese-developed AI models are increasingly competitive with global counterparts, indicating significant progress and capability. Conclusion: The resilience and innovation demonstrated by Chinese AI firms at the World AI Conference in Shanghai have significant implications for the global market. Despite facing external challenges, these companies ...