KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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 ...