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.
Hong Kong has reclaimed its position as Asia's top financial center , surpassing Singapore in the latest Global Financial Centres Index . Globally, Hong Kong ranked third , behind New York and London , while Singapore slipped to fourth place . The index, released on Monday, marks a significant rebound for Hong Kong's finance sector, which had been impacted by pandemic restrictions and an ailing property market . Other key movements in the rankings include Dublin , Chicago , and Dubai rising in the list, while Shanghai , Beijing , and Geneva moved down. Additionally, Shenzhen overtook San Francisco to rank third in the fintech category. Geopolitical challenges were highlighted as a key risk by respondents to the survey. The Global Financial Centres Index , compiled by Z/Yen Partners and the China Development Institute , evaluates 121 financial centers based on data and feedback from thousands of financial professionals. Here are the top five global financial centers: ...