US stocks dropped sharply on Monday, led by technology shares, as surging interest in Chinese startup DeepSeek's low-cost artificial intelligence (AI) model raised doubts over the sector's lofty valuations.

Tech tailspin on China's AI drive hammers Wall Street

Paragon Globe Bhd (KL:PGLOBE) is selling a 3.53-acre land in Tanjung Kupang, Johor for RM19.23 million.

Paragon Globe to sell part of Tanjung Kupang land for RM19.23m

CapitaLand Malaysia Trust (KL:CLMT) started financial year 2025 with a 9.6% year-on-year increase in first-quarter net property income (NPI), boosted by higher revenue from most properties, strong retail rental growth, and income from the fully occupied Glenmarie Distribution Centre after its upgrade.

CapitaLand Malaysia Trust kicks off FY2025 with 9.6% rise in net property income

Prime Minister Datuk Seri Anwar Ibrahim held a bilateral meeting with China's President Xi Jinping at the Seri Perdana Complex here on Wednesday.

Xi and his delegation arrived at the Prime Minister's official residence at 5pm, where they were warmly received by Anwar with a cultural performance by the National Academy of the Arts, Heritage and Culture (Aswara) and then signed the guest book before proceeding to a closed-door meeting.

Anwar, Xi hold meeting to deepen bilateral, traditional friendship

His Majesty Sultan Ibrahim, King of Malaysia said the mistake of displaying the Jalur Gemilang without the crescent moon, as published on the front page of a local Chinese newspaper, could trigger public sensitivities and is unacceptable.

King lambasts Sin Chew over Jalur Gemilang error, labels lapse ‘unacceptable’

The High Court here has given time for the lawyers of Tun Dr Mahathir Mohamad to “consider his approach” in contempt of court proceedings that Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has brought against him.

Zahid’s attempt to commit Mahathir for contempt postponed after court gives time for Dr M to 'consider his approach'

The Royal Malaysian Police (PDRM) has received 13 reports over the publication of an incomplete illustration of the national flag, Jalur Gemilang, which appeared on the front page of a local Chinese daily newspaper on Tuesday.

IGP: 13 reports lodged over Jalur Gemilang gaffe 

The retail prices of RON97 petrol and diesel in Peninsular Malaysia have been reduced by 10 sen, now set at RM3.18 and RM2.88 per litre, respectively, for April 17 to 23. 

In a statement, the Ministry of Finance (MOF) said the retail price of RON95 petrol remains unchanged at RM2.05 per litre, while diesel prices in Sabah, Sarawak and Labuan also remain at RM2.15 per litre.

RON97, diesel prices down 10 sen in Peninsular Malaysia

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI down 0.64% to 1,476.92 on April 16, 2025

Honda Motor Co plans to move production of its hybrid Civic from Japan to the US in response to President Donald Trump’s tariffs on imported cars.

Honda to shift production of Civic from Japan to US on tariffs

Chinese stocks in Hong Kong snapped a six-day winning streak, as renewed fears of an expanding US-China trade war weighed on sentiment.

The Hang Seng China Enterprises Index closed down 2.6% to be among Asia’s worst performers on Wednesday. The mainland benchmark CSI 300 Index ended up 0.3% after a late-afternoon surge erased earlier losses.

Chinese stocks slump in Hong Kong as trade war concerns mount

President Donald Trump’s administration has barred Nvidia Corp from selling its H20 chip in China, an escalation of Washington’s tech battle with Beijing that will cost the company billions of dollars and hamstring a product line it explicitly designed to comply with previous US curbs.

Nvidia warns Trump curbs on China chips to cost US$5.5 bil

Malaysia Aviation Group (MAG) is offering up to 30% off on airfares for economy and business class on all Malaysian Airlines routes, domestic and international, in conjunction with Matta Fair 2025.

MAG offers up to 30% off for Malaysian Airlines tickets at Matta Fair

China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking.

China open to talks if Trump shows respect, names point person 

Chinese President Xi Jinping was given a state welcome at Istana Negara on Wednesday in conjunction with a three-day state visit starting on Tuesday at the invitation of the King, Sultan Ibrahim Sultan Iskandar.

Chinese President Xi accorded state welcome at Istana Negara

Malaysian exports to the US were meant to be hit with a 24% tariff, effective April 9. Certain goods, such as semiconductors, were to be exempted. This was part of US President Donald Trump’s sweeping trade policy targeting countries that the US has large trade deficits with.

How much does Malaysia trade with the US?

The government will implement the diagnostic-related group (DRG) payment system only for new basic health insurance and takaful products, instead of changing the entire private healthcare payment model, according to Hong Leong Investment Bank (HLIB) Research.

Govt to apply diagnostics-related group payment system to basic insurance only, private healthcare model unaffected — HLIB Research

Malaysian banks, in spite of their domestic focus, will not emerge completely unscathed from the escalating international trade tensions, TA Securities flagged on Wednesday.

Malaysian banks, despite local focus, will suffer from trade tensions fallout — TA Securities

Sapura Energy Bhd (KL:SAPNRG) has secured multiple contracts worth nearly RM100 million combined in Malaysia and Thailand to provide offshore support vessels.

Sapura Energy bags multiple contracts worth nearly RM100 mil

The King,&nbsp;Sultan Ibrahim Sultan Iskandar, has expressed his belief that Malaysia and China will continue to strengthen cooperation between the two countries, despite various geopolitical gaps around the world.

King confident Malaysia, China will continue to empower cooperation

Gold prices rose surpassed the US$3,300 (RM14,580) for the first time on Wednesday, as investors sought safe-haven assets after US President Donald Trump ordered a probe into potential new tariffs on US critical mineral imports.

Gold crosses US$3,300 as trade tensions fuel record rally 

US&nbsp;President Donald Trump's new&nbsp;tariffs&nbsp;could&nbsp;cost&nbsp;US semiconductor&nbsp;equipment&nbsp;makers&nbsp;more&nbsp;than US$1&nbsp;billion (RM4.42 billion) a year, according to industry calculations discussed with officials and lawmakers&nbsp;in Washington last week, two sources familiar with the matter said.

US tariffs may cost chip equipment makers more than US$1 bil, industry estimates

The 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial, which has been on the 'tail-end' for months, seems to be protracted even longer with more contestations to subpoena possible witnesses.

1MDB-Tanore: Now, IGP contests defence’s subpoena

Asian and European shares fell on Wednesday along with US stock futures as AI darling Nvidia took a hit from US restrictions on chip sales to China amid the intensifying global trade war, while gold climbed to a record and the dollar slid.

Shares skid as Nvidia hurt by US chip-sale curbs, gold hits record

China's first-quarter economic growth outstripped expectations, underpinned by solid consumption and industrial output, but analysts fear momentum could shift sharply lower as US tariffs pose the biggest risk to the Asian powerhouse in decades.

China 1Q GDP growth tops expectations, but US tariff shock looms large

The High Court here has given time for the lawyers of Tun Dr Mahathir Mohamad to “consider his approach” in contempt of court proceedings that Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has brought against him.&nbsp;

Shares of Aurelius Technologies Bhd (KL:ATECH) extended gains sharply, outperforming peers and the broader market on Wednesday, after announcing a bonus share issue.

Aurelius Tech's stock rises more than 4% after bonus share issue plan

President Donald Trump launched a probe into the need for tariffs on critical minerals, the latest action in an expanding trade war that has targeted key sectors of the global economy.

Trump launches critical minerals probe to weigh new tariffs

Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid US tariffs.

Chinese exporters on Rednote ask local consumers to buy goods meant for US

Chinese President Xi Jinping called for support for the international system centred around the United Nations (UN), trade and the rule of law, as he continued on a Southeast Asian tour amid a sharp deterioration in China-US&nbsp;relations.

Lawrence Delevingne & Samuel Indyk