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Market Daily Report: Bursa Malaysia Ends Lower On Profit-taking In Plantation Stocks

KUALA LUMPUR, Sept 4 (Bernama) -- Bursa Malaysia ended lower on the final trading day of the week, weighed down by the plantation sector as investors locked in gains following its recent strong performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.03 points 1,708.10, compared with yesterday’s close of 1,715.13. The benchmark index opened 1.39 points lower at 1,713.74 and fluctuated between 1,704.86 and 1,715.20 throughout the day. The broader market was negative with losers outnumbering gainers 568 to 523, while 596 counters were unchanged, 1,085 untraded and 19 suspended. Turnover expanded to 4.33 billion units valued at RM2.98 billion from 3.90 billion units valued at RM3.21 billion on Thursday. 

Asia Stocks Break Records: TSMC Sparks Fresh Confidence in the AI Boom

Asian equities surged to  record highs , led by a renewed technology rally after blowout earnings from  Taiwan Semiconductor Manufacturing Co  reassured investors that the artificial intelligence (AI) boom remains durable. The  MSCI Asia-Pacific Index  rose  0.3% to a fresh all-time high , marking its  fourth consecutive weekly gain . Technology shares across the region advanced strongly, while South Korea’s benchmark index — closely tied to the AI theme — also reached new peaks. TSMC shares climbed to their  highest level ever , reigniting risk appetite across global markets. The optimism spilled into US markets, with futures for the  S&P 500  and  Nasdaq 100  both rising, signalling continued strength in global tech sentiment. Investors who had previously worried about  stretched valuations and heavy AI-related spending  appear reassured by earnings that support ongoing data-centre demand. Market confidence has ...