KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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...