Good evening, this is Markets Desk with your briefing.
Malaysia's Kuala Lumpur Composite Index is staring down a sixth consecutive session of losses, having shed more than forty points over the past week, now barely holding above the sixteen hundred forty level. Thin sentiment and overbought conditions continue to weigh, with no meaningful catalyst in sight to arrest the slide.
Shifting to Washington, President Trump has signed an executive order directing all federal agencies to retire the term artificial intelligence in favor of what the administration is calling Super Intelligence, abbreviated SI. The announcement was flanked by a roster of tech executives including Elon Musk and Dario Amodei. The order maintains the same underlying technical definition, making this largely a rebranding exercise, though one with significant implications for how federal contracts and policy documents are written going forward.
Also from the White House, Trump is floating the idea of financial dividends for Americans living near data center construction sites, framing proximity to the infrastructure as a public sacrifice worth compensating. Opposition to large-scale data centers has been growing in local communities over noise, power consumption, and land use concerns, and the proposal appears designed to soften that resistance as the administration pushes hard to accelerate AI buildout domestically.
That's the tape. Markets Desk, signing off the floor.
