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.
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 ...