KUALA LUMPUR (Nov 13): The FBM KLCI got off to a muted start Wednesday, tracking regional markets on increasing worries over the progress of the US-China trade talks.

At 9.05am, the FBM KLCI dipped 1.39 points to 1,608.34.

The early decliners included Carlsberg Brewery Malaysia Bhd, PPB Group Bhd, Public Bank Bhd, Country Heights Holdings Bhd, Maxis Bhd, Dufu Technology Bhd and AMMB Holdings Bhd.

Reuters reported that Asian stocks and Wall Street futures fell on Wednesday on growing worries U.S.-China trade talks are stalling after President Donald Trump failed to deliver any new information about when the two countries would sign a trade deal.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2%. Australian shares were down 0.17%, while Japan's Nikkei stock index slid 0.38%, it said.

Kenanga IB Research said Asian stocks closed broadly higher yesterday with investors await for the latest developments on the China-US trade talks.

It said back home, the FBMKLCI too inched up slightly by 1.58 points or 0.10% to close at 1,609.73.

“Chart-wise, yesterday’s candlestick continued to close above its 20 and 50-Day SMA and appears to be testing its key 100-day SMA.

“Coupled with an uptick in Relative Strength Index, we expect the upward momentum to continue. With that, support levels to watch out for are 1,570 (S1) and 1,550 (S2),” it said.