KUALA LUMPUR (Dec 5): The FBM KLCI is seen hovering below the 1,700-point level today, in line with the overnight slump at most global markets as concerns over the US-Sino trade conflict remain unabated.

Global stocks sank and the dollar fell on Tuesday as a flattening Treasury yield curve sparked recession warnings, while optimism that the U.S. and China would quickly resolve their trade dispute dwindled, according to Reuters.

Benchmark Treasury 10-year yield fell to its lowest point since mid-September. The spread between the 10-year yield over its two-year counterpart also shrank to the smallest since the start of the financial crisis in January 2008, signalling to some investors an approaching U.S. economic slowdown, it said.

The Dow Jones Industrial Average fell 701.59 points, or 2.72 percent, to 25,124.84, the S&P 500 lost 76.6 points, or 2.75 percent, to 2,713.77 and the Nasdaq Composite dropped 239.86 points, or 3.22 percent, to 7,201.65, said Reuters.

Based on corporate announcements and news flows yesterday, stocks in focus today may include: Computer Forms (Malaysia) Bhd, Malakoff Corp Bhd, Parkson Holdings Bhd, Hibiscus Petroleum Bhd, TRC Synergy Bhd, Sasbadi Holdings, Ikhmas Jaya Group Bhd, Suria Capital Bhd, Utusan Melayu Bhd and Tadmax Resources Bhd.