KUALA LUMPUR (Aug 7): The FBM KLCI rose 0.29% in early trade this morning, tracking the steady regional markets, lifted by select index-linked blue chips.

At 9.05am, the FBM KLCI gained 5.11 points to 1,784.86.

The early gainers included British American Tobacco (M) Bhd. Petronas Gas Bhd, Ajinomoto (M) Bhd, Kuala Lumpur Kepong Bhd, Hong Leong Financial Group Bhd, PMB Technology Bhd, Panasonic Manufacturing Malaysia Bhd, Hap Seng Consolidated Bhd, Westports Holdings Bhd and Hong Leong Bank Bhd.

Asian stocks were largely steady on Tuesday, with worries over the U.S.-China trade conflict offsetting support from earnings-led gains on Wall Street, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat, it said.

JF Apex Securities Research in a market preview said US markets ended higher overnight as gains in technology counters and better-than-expected corporate earnings overcame concerns on trade war.

It said that earlier, European stocks closed slightly lower following losses in basic resources and chemical counters.

“On the local market, the FBM KLCI ended flat after shedding 0.34 points to 1779.75 points.

“Following the mixed performance in the US and Europe, the FBM KLCI could extend its sideways trend below the resistance of 1800 points,” it said.