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.
Intel’s $7.86 billion subsidy from the US government comes with significant restrictions on its ability to sell stakes in its chip manufacturing unit, Intel Foundry , if it becomes an independent entity. The deal is part of a broader $39 billion US initiative to boost domestic chip production , benefiting companies like Intel and Taiwan Semiconductor Manufacturing Co (TSMC) . Key Restrictions on Intel Foundry: Intel must maintain at least 50.1% ownership if the unit is spun off into a private subsidiary. If Intel Foundry goes public, Intel must remain its largest shareholder and cannot sell more than 35% to any single shareholder without triggering change-in-control provisions . Any control changes would require US Department of Commerce approval , as per the terms of the subsidy. Impact on Intel’s Plans: Intel CEO Pat Gelsinger announced plans in Sept...