KUALA LUMPUR (Nov 12): The FBM KLCI edged up cautiously this morning against the backdrop of sluggish regional markets on the back of still unsettled US-China trade talks.

At 9.10am, the FBM KLCI  was up 1.86 points to 1,610.01.

The early gainers included Cycle & Carriage Bintang Bhd, Hong Leong Financial Group Bhd, Kuala Lumpur Kepong Bhd, Fraser & Neave Holdings Bhd, Petronas Gas Bhd, PPB Group Bhd, Nestle (M) Bhd, VSTECS Bhd and Power Root Bhd.

Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Sino-U.S. trade talks and the domestic political situation in Hong Kong, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.05%, following a sharp 1.2% pullback on Monday, it said.

Kenanga IB Research said Asian stocks fell amid concerns over progress of trade negotiation between the US and China and escalating violence in Hong Kong.

It said back home, the FBMKLCI fell by 1.58 points or 0.10% to close at 1,608.15, in line with weakness across regional markets.

“Chart-wise, we see encouraging momentum as yesterday candlestick continued to close higher above its 20 and 50-Day SMA.

“Coupled with an uptick in Relative Strength Index, we expect the upward momentum to continue.

“From here on, overhead resistance can be seen at 1,630 (R1) and 1,650 (R2). Conversely, key support levels can be found at 1,570 (R1) and 1,550 (R2),” it said.