KUALA LUMPUR: Bursa Malaysia remained in profit-taking mode as an AI-driven sell-off in Asian markets sent traders fleeing to safety.
The benchmark FBM KLCI was down 7.09 points to 1,735.73 as the market halted for the lunch break.
However, the market pullback was more evident in the broader market as declining issues overwhelmed advancing at a ratio of 3.4-to-1.
The technology sector was routed, losing 4.27% amid a global sell-off in tech shares as questions are raised over AI's impact on the broader technology space. Meanhile, domestic traders sought out defensive plays in financial services and REITs, which were the only two positive sectors on Bursa Malaysia.
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