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.
Key Developments: Tencent’s Yuanbao AI chatbot surpasses DeepSeek as the most downloaded free iPhone app in China . AI race heats up as three of the top five most popular apps in China are now AI chatbots. Tencent integrates DeepSeek’s R1 model into multiple platforms, including WeChat search and gaming AI assistants . Alibaba ramps up AI investment , committing US$53 billion to compete with Tencent and DeepSeek. Monetization remains unclear , as AI chatbots are currently free and widely available in open-source models . Tencent’s Yuanbao AI Overtakes DeepSeek Tencent Holdings Ltd. has officially overtaken DeepSeek in China's rapidly expanding AI chatbot market, with its Yuanbao AI chatbot now the most downloaded iPhone app in the country. Tencent’s strategic AI integration —embedding Hunyuan AI tech and DeepSeek’s R1 reasoning model into multiple platforms...