Asian stocks slid to a more than two-month low on Tuesday as a sharp sell-off in chipmakers prompted a broader rethink of the AI trade amid heightened competition, driving investors toward the safety of government bonds.

Asian stocks hit two-month low on AI jitters, bonds find favour

theedgemalaysia.com highlighted one stock with positive momentum and four stocks with negative momentum during Bursa Malaysia's midday break on Tuesday (Oct 13).

Stocks with momentum on Oct 13, 2026: XL Holdings, Parlo, Edelteq, Pantech, AWC

Crypto hardware maker OneKey has revoked CryptoBilis’s authorisation as a reseller of its products, widening the fallout from the discovery that some Ledger wallets sold through the Malaysian retailer had funds stolen.

Crypto wallet tampering fallout widens as OneKey drops Malaysian reseller

Electrical engineering firm Jati Tinggi Group Bhd (KL:JTGROUP) fell sharply on Tuesday, having more than doubled its value since the year began.

Jati Tinggi flirts with limit-down as shares down 29%

The government, through the Ministry of Energy Transition and Water Transformation (Petra), is assessing the actual electricity and water supply requirements of data centres.

Govt still assessing data centres’ actual power needs — deputy minister

Malaysian insurers, grappling with backlash from surging premiums, may be facing margin squeeze with prolonged transboundary haze, an analyst warned.

Haze adds margin pressure on insurers facing heat from public, regulator — analyst

Malaysia aims to sign the Malaysia-European Union (EU) Free Trade Agreement (MEUFTA) by the end of June 2027, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani.

Malaysia eyes signing of EU trade deal by end-June 2027, says minister

KUALA LUMPUR (Oct 13): The Institution of Engineers, Malaysia (IEM) welcomed the tabbing of Budget 2027 while stressing that the success of the allocated investments must be evaluated by the quality, safety, reliability and sustainability of delivered infrastructure rather than mere expenditure.

Institution of Engineers, Malaysia welcomes Budget 2027, calls for focus on engineering quality, safety and talent retention

Visa Inc received approval to begin preparations to establish a domestic bank card clearing business in China, teeing up the firm to potentially follow rivals Mastercard Inc and American Express Co in serving the nation’s massive payments market.

Visa approved to prepare domestic payments business in China

KUALA LUMPUR (Oct 13): Transport Expo Asia (TXA) 2026, to be held here next week, will serve as a strategic platform to help Malaysia prepare for a transport transformation through emerging technologies, stronger strategic partnerships and the exchange of ideas.

Loke: Transport Expo Asia 2026 a strategic platform for Malaysia's transport transformation

KUALA LUMPUR (Oct 13): His Majesty Sultan Ibrahim Sultan Iskandar, King of Malaysia, bought a stake in miner Southern Alliance Mining Ltd for S$6.1 million (US$4.8 million), according to a statement on Tuesday.

Sultan Ibrahim acquires 2.25% in Southern Alliance Mining in S$6.1 mil offmarket deal

Asian stocks slid to a more than two-month low on Tuesday as a sharp sell-off in chipmakers prompted a broader rethink of the AI trade amid heightened competition, driving investors toward the safety of government bonds.

KUALA LUMPUR (Oct 13): Genting Bhd (KL:GENTING) may need to sell non-core assets, particularly unused land, to reduce its debt burden and avoid further credit-rating downgrades, according to CreditSights.

Genting may need to sell non-core assets to avert a credit-rating downgrade — CreditSights

A cloud of haze has descended across Southeast Asia over the past few months as a brutal El Niño helps incinerate forest and scrub in Indonesia. Obscuring responsibility for the fires stems from a much deeper and more impenetrable legal pall.

Opinion: Singapore can fix Southeast Asia’s haze, if it wants to

Data centre operator DayOne Data Centres Ltd has secured an additional RM15 billion in financing from a consortium of seven banks to fund the expansion of its data centre facilities in Johor, bringing its total financing arrangements to RM30 billion.

DayOne secures additional RM15b financing for Johor data centre expansion

Investors from countries including the US, China and India are interested in a new port project in southern Peru ​estimated to cost around US$844 million (RM3.4 billion), officials said on ‌Monday.

US, Chinese and Indian firms show interest in Peru's US$844m port project

A global slide in semiconductor stocks deepened, sending South Korea’s chip-heavy equity benchmark down 7% as concerns about AI overheating and Chinese competition intensified.

Chip sell-off triggers 7% Korea rout after CEO’s ‘casino’ warning

A sell-off in Singapore bank shares driven by fears of earnings downgrades is threatening one of Asia’s best-performing major stock benchmarks this year, putting the city-state’s safe haven status to the test.

Singapore bank sell-off tests city-state’s safe haven status

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 13, 2026 

Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades.

Bank stocks mired in correction into earnings as yields rise

KUALA LUMPUR (Oct 13): Malaysia's efforts to narrow its fiscal deficit could face challenges from persistently high subsidy costs, particularly if the US-Iran conflict continues to drive up energy prices, according to BMI, a Fitch Solutions company.

BMI sees Budget 2027 subsidy allocations posing risk to Malaysia’s fiscal consolidation

PUTRAJAYA (Oct 13): My Digital ID Sdn Bhd&nbsp;clarified&nbsp;that its digital identity platform is not powered by any third-party blockchain technology as recently published in a media article.&nbsp;

MyDigital ID says not powered by third-party blockchain technology

A stronger yuan is among the most underpriced scenarios in the world’s US$9.5 trillion (RM38.8 trillion)-a-day foreign exchange market, according to Goldman Sachs Group Inc’s Kamakshya Trivedi.

Goldman says markets underestimating how far yuan can rise

Putra Heights is about 45km, or a 40-minute drive, from the Sepang International Circuit (SIC). On the day of the Formula One (F1) Bahrain Grand Prix, which ended around 6.20pm last Sunday, my son and daughter got home seven hours later, at 1.30am.

For many local and overseas fans, it w...

My Say: Race over, now comes the business case for F1

Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.

Oil falls as Russia diesel supply prospects counter Gulf supply risks

BANGKOK (Oct 13): The International Monetary Fund (IMF) warned on Tuesday against "complacency" in global financial markets, citing risks from an artificial intelligence-driven selloff, rising government bond yields, or cyberattacks as potential threats facing still- resilient markets.

IMF cites AI slowdown, spiking yields as looming global market risks

KUALA LUMPUR (Oct 13): S P Setia Bhd (KL:SPSETIA) expressed support for the measures announced in Budget 2027, highlighting key initiatives aimed at home ownership, green investments and construction industry resilience

S P Setia welcomes Budget 2027’s focus on housing, green investment and construction resilience

BEIJING (Oct 13):&nbsp;Nvidia's&nbsp;share of China's market for data-centre AI chips fell to 34% in the first half of 2026, as US export controls restricted supplies of its products and domestic rivals led by Huawei gained ground, according to an IDC report seen by ​Reuters.

Nvidia shi...

Nvidia's China AI-chip share falls as Huawei closes gap, report finds

A selloff in chipmakers left stocks wavering ahead of the earnings season, with traders also gearing up for this week’s inflation data that will be key in shaping the Federal Reserve outlook.

US stocks waver on slowest trading day in 2026

Prevailing weather and haze conditions have forced Firefly to extend flight cancellations between Subang and Singapore's Seletar Airport until Oct 14, with affected passengers being offered alternative Malaysia Airlines flights, subject to seat availability, or full refunds.

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