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.
South Korea is set to develop a new entertainment hub to rival Hollywood, aiming to capitalize on the global success of its pop culture phenomena like BTS, Squid Game, and Blackpink. Key Highlights: Entertainment City Development : The South Korean government plans to create a large-scale entertainment city by 2035, spanning 3.3 square kilometers. The city will be dedicated to film, television, music, and other arts, featuring specialized schools, content production facilities, and full-scale replicas of Joseon dynasty palaces to support film and drama production while attracting tourists. Government's Strategic Blueprint : South Korea's Culture Minister, Yu In-Chon, stated that the government would provide the necessary infrastructure and draw a blueprint, hoping to attract investments from companies in telecommunications, internet, and financial services. Economic Impact and Tourism Goals : South Korean content generated around 151 trillion won (US$114 billion) in revenue las...