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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. 

China Eyes AI Token Futures in Strategic Move Against US

China is exploring a new financial frontier as it works on launching  AI token futures , signalling a deeper push into the global AI race and financial innovation. Summary China is developing a  futures market tied to AI tokens (compute usage) , offering companies a way to hedge rising AI costs — in contrast to the US focus on  GPU compute futures . What’s Happening The  Shanghai Futures Exchange  is in early-stage discussions to design  AI token futures contracts These tokens represent the  smallest unit of AI computation , essentially the “fuel” powering AI models The initiative is still  preliminary , with no clear timeline or regulatory approval yet Meanwhile, US exchanges like  CME Group  and  Intercontinental Exchange  are developing  compute power futures linked to GPU usage costs Why It Matters New asset class potential : AI tokens could become a tradable financial instrument Cost hedging tool : Helps AI firms mana...