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.
Tesla (TSLA) surged over 4% Monday after Elon Musk announced that Samsung will manufacture the EV maker’s next-generation AI6 chips . The decision pushed TSMC (TSM) down about 1.2% as Tesla passed on using its fabrication services for the project. Key Highlights Tesla Stock: Rose to $328.00 after the announcement, reversing some of last week’s post-earnings losses. Samsung: Shares in South Korea jumped 6.8% on news its Texas fab will be dedicated to Tesla’s AI chips. TSMC: Dropped 1.2% to 242.65 as investors priced in lost Tesla chip orders. Musk called the move “strategically critical,” noting that Tesla will actively assist Samsung in ramping production and efficiency: “Samsung’s giant new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip. The strategic importance of this is hard to overstate.” Why It Matters The AI6 chips will power Tesla’s vehicles and Optimus humanoi...