KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary US official says DeepSeek trained its latest AI model on Nvidia’s Blackwell chips Blackwell exports to China are currently banned under US export controls Chips allegedly clustered in Inner Mongolia data centre Could intensify US-China tensions over AI semiconductor restrictions What Happened A senior Trump administration official said Chinese AI start-up DeepSeek trained its upcoming AI model using Nvidia ’s most advanced chip, Blackwell , despite US restrictions. Key points: US policy states: “We are not shipping Blackwells to China.” Blackwell exports to China are barred under Commerce Department controls The chips are believed to be located in DeepSeek’s Inner Mongolia data centre Nvidia declined to comment. DeepSeek and the US Commerce Department did not respond to requests. Why This Is Significant The Blackwell is Nvidia’s top-tier AI chip — central to training frontier AI models. If confirmed, this de...