KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Why This Matters Amazon employees expecting large-scale layoffs were rattled after a premature internal email hinted at further workforce reductions — reigniting concerns that cost-cutting at the tech giant is not over yet. What Happened Amazon.com Inc accidentally sent a layoff-related email and meeting invite before official communications were ready. The email, titled “Project Dawn,” came from Colleen Aubrey , Amazon’s Senior Vice President. It referenced “impacted colleagues” in: United States Canada Costa Rica A follow-up message from HR chief Beth Galetti was mentioned — but was never sent . The scheduled meeting was later cancelled , adding to confusion and anxiety. Key point: The email was sent prematurely, but confirmed layoffs are still expected. Employee Reaction The message spread rapidly across internal forums and Reddit . Employees are actively speculating on: Scale...