The Nasdaq Composite looked set to confirm a correction on Thursday, with chipmakers tumbling, after the Democrats' sweeping victory in midterm elections fueled fears of tighter artificial intelligence (AI) regulation.

Nasdaq set to confirm correction as AI stocks tumble

Paraguayan President Santiago Peña stepped down on Thursday after the collapse of a major commercial bank with ties to his government plunged the South American nation into financial and social turmoil.

Bank collapse topples a president and Trump ally in Paraguay

Shares of semiconductor stocks plunged on Thursday, extending a recent selloff as investors turn sceptical on the artificial intelligence (AI) trade after the Democrats dominated the midterm elections.

Chips selloff worsens as fears about AI trade grip stock market

Voters in the Melaka state election are urged to choose elected representatives who have a "direct line" to the Prime Minister's Office to ensure smooth development processes and the protection of local residents' welfare.

Melaka polls: Choose candidates who have 'direct line' to PM's office — Anwar

Emerging economies’ external debt climbed to a record US$9.4 trillion (RM38 trillion) in 2025, according to the World Bank, boosted in part by the poorest nations facing borrowing cost levels unseen since the 1980s.

Poorer nations face highest debt costs since 1989, World Bank says

The government has agreed to provide flexibility regarding the existing moratorium on the export of raw rare earth element (REE) materials through the Guidelines for the Conditional Export of Raw Rare Earth Elements in order to attract potential investors.

Govt grants flexibility in rare earth element export moratorium to attract investors

DAP is focusing on retaining the four seats it currently holds in the 16th Melaka state election, its secretary general Anthony Loke Siew Fook said.

Melaka polls: DAP focused on retaining four incumbent seats, seeks to win three more

Micron Technology Inc has suspended plans for a memory chip plant in Taiwan due to a protracted labour dispute, according to people familiar with the matter, throwing into question the fate of a major production base for crucial artificial intelligence (AI) components.

Micron said to pause work on US$4.5 bil Taiwan plant after labour spat

A brief recap of some business news and corporate announcements that made the headlines on Thursday.

ViTrox, Sunway Construction, Zetrix AI, SD Guthrie, Lotte Chemical Titan, Pentamaster, Kobay, F&N, Tanco, Alpha IVF, TT Vision

Members of the administration have been urged to arrive early for Dewan Rakyat sittings instead of waiting for their turn to speak, ensuring smooth proceedings and avoiding absences that reflect poorly on the House.

Johari lashes out at administrative members over Dewan Rakyat absences, skipped questions

A consortium including the founding family of Yinson Holdings Bhd (KL:YINSON) is considering sweetening its bid to take the Kuala Lumpur-listed energy infrastructure company private, according to people familiar with the matter.&nbsp;

Consortium led by founding Lim family mulls higher offer to privatise Yinson — Bloomberg

ViTrox Corporation Bhd (KL:VITROX) is upbeat after the semiconductor equipment maker posted its best quarter since listing in 2005, as higher volume drove down unit costs.

ViTrox posts best quarter since listing as volume surges, sees bright outlook

The Nasdaq Composite looked set to confirm a correction on Thursday, with chipmakers tumbling, after the Democrats' sweeping victory in midterm elections fueled fears of tighter artificial intelligence (AI) regulation.

The Johor government has called on DayOne, Perbadanan Darul Ta'zim (PDT) and Ranhill SAJ to hold an immediate technical discussion to explore the possibility of channelling excess treated water from the data centre company’s water treatment plant for public use.

Johor MB wants DayOne, PDT, Ranhill SAJ to explore supplying excess treated water to public

Kobay Technology Bhd (KL: KOBAY) reported a 73% rise in first-quarter earnings to a new record thanks to stronger contributions from its manufacturing divisions.

Kobay Technology 1Q net profit surges 73% on strong manufacturing business

A brief recap of some business news and corporate announcements that made the headlines on Thursday.

The dispute between Petroliam Nasional Bhd (PETRONAS) and Petroleum Sarawak Bhd (PETROS) is expected to be settled by year-end, according to Sarawak Premier Tan Sri Abang Johari Tun Openg.

PETRONAS-PETROS dispute to be settled by year-end, says Abang Johari

CGS International called on Sunway Construction Group Bhd (KL:SUNCON) to diversify away from data centre (DC) projects as return on average equity declines.

Sunway Construction should diversify away from data centres, says CGS International

Micron Technology Inc has suspended plans for a memory chip plant in Taiwan due to a protracted labour dispute, according to people familiar with the matter, throwing into question the fate of a major production base for crucial artificial intelligence (AI) components.

MRT Corp has awarded a RM2.69 billion contract to a joint venture comprising China Communications Construction Company, TRC Construction and Ufuk Semarak for the construction of the Penang LRT Mutiara Line's cross-sea extension linking Penang Island to the mainland.

MRT Corp awards RM2.69 bil contract for Penang LRT cross-sea extension

Tengku Puteri Zainah Tengku Eskandar, the mother of Pahang Investment, Industry, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Najib, died on Thursday. She was 70.

Najib's ex-wife Tengku Puteri Zainah passes away at 70

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI up 1.19% to 1,635.86 on Nov 5, 2026

Goldman Sachs Group Inc and Apollo Global Management Inc are in talks with Wall Street investors to start selling portions of a roughly US$40 billion (RM162.55 billion) chip financing deal for SpaceX, just as the artificial intelligence (AI) boom braces for upheaval following a sweeping Democratic victory.

Goldman, Apollo in talks to sell SpaceX’s US$40 bil AI deal — Bloomberg

Pentamaster Corp Bhd (KL:PENTA) reported a 19.6% year-on-year increase in third-quarter net profit, driven by stronger demand for factory automation solutions (FAS), particularly from the artificial intelligence (AI) computing sector. 
&nbsp;

Pentamaster 3Q net profit rises on AI demand, expects double-digit revenue growth for FY2026

The proposed privatisation of Yinson Holdings Bhd (KL:YINSON) is “a shareholder matter” with no immediate impact on Yinson Production Ltd (YPL), which is the offshore floating asset arm of Yinson.

No strategy change from Yinson privatisation, says floating asset unit chief

Lotte Chemical Titan Holding Bhd (KL:LCTITAN) on Thursday reported a wider third-quarter loss, weighed down by higher feedstock costs, increased depreciation and interest expenses, and narrowing profit margins. 
&nbsp;

Lotte Chemical Titan stays in the red as 3Q net loss widens on higher costs, margin squeeze

Malaysia has postponed requiring international flights departing Kuala Lumpur International Airport (KLIA) to use 1% sustainable aviation fuel (SAF) to 2030.&nbsp;

Malaysia defers mandatory 1% sustainable aviation fuel requirement to 2030

After languishing for much of the year, Hong Kong stocks are staging a comeback as investors rotate away from hardware stocks into discounted Chinese internet platforms.&nbsp;

Hong Kong stocks roar back as value rotation boosts Chinese tech

The mobilisation of thousands of military personnel to Jakarta this week has intensified speculation about a widening rift between Indonesian President Prabowo Subianto and his predecessor, Joko Widodo, while exposing long-running tensions between the country’s military and police.

Prabowo wiretap arrest spills top Indonesia rivalry into public

Shares of semiconductor stocks plunged on Thursday, extending a recent selloff as investors turn sceptical on the artificial intelligence (AI) trade after the Democrats dominated the midterm elections.

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