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.
The term “内卷” (neijuan) , or “involution,” refers to relentless competition that leads to stagnation instead of progress—think firms slashing prices to survive rather than innovate or grow. This phenomenon has become especially toxic in China’s high-stakes sectors like: Solar energy New energy vehicles (NEVs) Steel, cement, aluminum Chemicals Even downstream consumer sectors like food and healthcare Stock Market Response: A-Shares Take the Lead Investors are starting to price in change. July saw the CSI 300 Index (onshore A-shares) outperform the Hang Seng China Enterprises Index , marking a turnaround in sentiment. Notable winners: Liuzhou Iron & Steel (+50%) Angang Steel (+16%) Xinjiang Daqo New Energy & Tongwei (+19%+) Cement, glass, and chemical stocks also rallied Morgan Stanley even shifted its preference toward onshore equities , citing improved confidence. Will This Be 2015 All Over Again? Vete...