Skip to main content

Posts

Showing posts with the label market selloff

Featured Post

Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

‘SaaSpocalypse’: Traders Flee Software Stocks as AI Fears Trigger Capitulation

Summary Software stocks are facing  panic-level selling  as investors fear  AI will erode pricing power, margins and competitive moats . Even industry giants like  Microsoft  are not spared, pushing the sector into its  worst selloff since the 2008 crisis . While valuations now look cheap and technicals signal oversold conditions, investors remain unsure where the bottom is. What’s Driving the Selloff AI disruption fears  are accelerating, with new tools from  Anthropic  and  Alphabet  raising concerns that software products can be  replicated or replaced Traders describe the market as  “get me out” selling , with little regard for valuation The  S&P North American Software Index fell 15% in January , its worst monthly drop since  October 2008 Microsoft’s 10% plunge  last week showed that  even the strongest platforms are vulnerable Earnings Are No Longer Enough Only  71% of software firms beat...

Trump Downplays Market Selloff, Confident in U.S. Economic Future

President Donald Trump  has dismissed the recent  market selloff , stating that it’s part of the natural market cycle and that both ups and downs are expected. Despite the downturn, Trump is  optimistic about the U.S. economy , insisting that the country is on the path to  revitalization . Key Points: Market Cycles : Trump acknowledged the market fluctuations but stressed that they are normal, with markets going  up and down . He believes the focus should be on rebuilding the country. Rebuilding U.S. Industry : Trump highlighted the importance of  rebuilding American factories  and  creating jobs , criticizing the state of many old factories and the lack of utilization of existing resources. Economic Policy : Trump emphasized that the key to the country’s economic future lies in  taxing policies  and  incentives . He’s working to bring incentives back to the U.S., encouraging businesses to invest in the country rather than offshore ...