Malaysian Market Takes Hit Ahead of Holiday
Bursa Malaysia closed lower on August 24, 2026, due to renewed selling pressure on technology stocks. This move was likely driven by investors' desire for signs of sustainable earnings growth in the AI investment boom.
Trading was cautious ahead of tomorrow's public holiday, which kept investors from taking on bigger positions.
The ringgit fell against the US dollar to 4.0400, while the crypto market saw declines across major assets. Bitcoin dropped to RM312,423, Ethereum fell to RM9,939, and Solana was down at RM382.