KUALA LUMPUR (Oct 31): The FBM KLCI is expected to trade range bound today, in line with the overnight gains at most world markets, with hurdle seen at 1,695.

The local index has lost over a 100 points month-on-month so far in October from its September closing at 1,793.15.

Broad gains in the U.S. equity market boosted a measure of global stock markets on Tuesday after President Donald Trump said a "great deal" could be struck with China that would relieve fears of a growing trade war between the world's two largest economies, according to Reuters.

MSCI's gauge of stocks across the globe gained 1 percent. Still, the index is down nearly 9 percent for the month, it said.

The Dow Jones Industrial Average rose 431.72 points, or 1.77 percent, to 24,874.64, the S&P 500 gained 41.38 points, or 1.57 percent, to 2,682.63 and the Nasdaq Composite added 111.36 points, or 1.58 percent, to 7,161.65, said Reuters.

Based on corporate announcements and news flow yesterday, companies that may be in focus today may include: Sime Darby Bhd, Kimlun Corp Bhd, Kuchai Development Bhd, Mudajaya Group Bhd, Mexter Technology Bhd, Ajiya Bhd, Caring Pharmacy Group Bhd, Nestle (Malaysia) Bhd, Globetronics Technology Bhd, Kronologi Asia Bhd and WZ Satu Bhd.