FBM KLCI slips ahead of blue-chip results
KUALA LUMPUR: Bursa Malaysia's main index dipped slightly lower over the morning session as investors awaited the release of blue-chip earnings later in the day.
The FBM KLCI was down 3.23 points to 1,532.75, in line with most regional markets, as uncertainty remains over the ongoing trade discussions between the US and its trading partners.
There was broad selling on the domestic market with declining issues outpacing advancing at a ratio of nearly two-to-one.
Trading volume was 2.04 billion shares changing hands for RM792.35mil.
Among the blue chips, MISC fell 21 sen to RM7.45, PETRONAS Gas shed 36 sen to RM17.64 and Kuala Lumpur Kepong slid eight sen to RM19.76,
On Monday morning, traders digested the news of the 50% tariffs on European imports to the US, and the push back to a July 9 deadline.
In Hong Kong, the Hang Seng fell 1% to 23,366 and the Shanghai composite index slipped 0.3% to 3,338.
Singapore's Straits Times fell 0.44% to 3,865.
Japan's Nikkei was an outlier, rising 0.73% to 37,431.
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