KUALA LUMPUR (June 12): The FBM KLCI fell 0.48% in early trade this morning against the backdrop of mixed regional markets, dragged by index-linked blue chips.

At 9.05am, the FBM KLCI fell 7.90 points to 1,643.30.

The top losers included Syarikat Takaful Malaysia Keluarga Bhd, Petronas Dagangan Bhd, Tenaga Nasional Bhd, MISC Bhd, Maxis Bhd, Hong Leong Bank Bhd, Petronas Chemicals Group Bhd, Aeon Credit Service (M) Bhd, Hong Leong Financial Group Bhd and Axiata Group Bhd.

Asian stocks opened mixed Wednesday after U.S. equities halted a five-day winning streak and Treasuries steadied amid signs of fatigue from the recent global revival in risk appetite, according to Bloomberg.

Japanese shares edged lower, while they nudged up in Australia and Korea. The S&P 500 Index ended little changed and futures were steady. MSCI’s global index of shares has risen the past seven days. U.S. President Donald Trump said he’s personally holding up a trade deal with China and that he won’t complete the agreement unless Beijing returns to terms negotiated earlier in the year. The dollar drifted and crude oil declined, it said.

CIMB Retail Research said despite the positive performance across Asia markets and also the better-than-expected Malaysia’s Industrial Production Index, the FBM KLCI closed 4.27 points or 0.26% lower yesterday.

“We maintain our view that cautious sentiments may still prevail given the uncertainties over the external and internal headwinds. The index may see a period of range-bound trading (possibly between 1,640 and 1,670) in the near term. Resistance: 1,657 & 1,670. Support: 1,633 & 1,628.