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Yes, the Morningstar US Technology Index is up, having gained 2.8% today. This positive movement is likely influenced by a broader stock market rally, potentially spurred by a perception of easing tension in trade relations with China, according to a report from Morningstar.
Here's a more detailed look:
Morningstar US Technology Index Up: The index, which tracks the performance of US technology companies, has seen a positive jump today, gaining 2.8%.
Given the current technical setup，MYEG presents a mixed outlook in the short-term.While there are signs of potential recovery，the stock has not yet confirmed a bullish trend.
AI is the ongoing Economic and Tech Growth theme: The MYEG AI project aligns with Malaysia’s goal to become a Southeast Asian digital hub and Guangxi’s push for AI innovation under the China-ASEAN framework. Guangxi has allocated 10 billion yuan (~RM6.05 billion) to fund AI and digital economy projects, boosting collaboration in trade, data services, and tech talent.
Localized AI Solutions: The lab, based in Petaling Jaya, will involve companies like China’s Deepseek, Huawei, and Malaysia’s He