Malaysian technology stocks generally pulled back today, with the Technology Index falling 1.2%, primarily influenced by the recent decline in the Nasdaq. Investors adopted a cautious stance on high-valuation tech stocks, leading to price drops for some chip manufacturers and tech service companies.
On February 24, 2026, Malaysia's technology sector experienced a general pullback today, with the Technology Index falling 1.2% to close at 68.50 points. This decline was primarily influenced by the overnight weakening of the US Nasdaq index, leading to a decrease in investor risk appetite for high-valuation technology stocks. Local chip manufacturers like Inari Amertron fell 1.5% to RM3.25, while Frontken also declined 1.8% to RM4.90. Analysts noted that despite optimistic long-term growth prospects, technology stocks might face short-term profit-taking pressure, especially amidst increased global economic uncertainties and fluctuating interest rate expectations. Investors are closely monitoring earnings reports and future guidance from US tech giants for new market direction.
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