KUALA LUMPUR (July 31): The FBM KLCI retreated in early trade this morning, tracking losses at most regional markets following the overnight bearish close at Wall Street and European markets.

At 9.05am, the FBM KLCI fell 3.09 points to 1,767.17.

The early decliners included Fraser & Neave Holdings Bhd, Top Glove Corp Bhd, PPB Group Bhd, Supermax Corp Bhd, Malayan Banking Bhd, Tenaga Nasional Bhd, IIH Healthcare Bhd, Inari Amertron Bhd, New Hoon Fatt Holdings Bdh and ViTrox Corp Bhd.

Asian share markets weakened on Tuesday, taking cues from the rout in global technology shares while the yen edged higher ahead of the Bank of Japan's rate review, at which it could flag a shift away from its massive monetary stimulus, according to Reuters.

Japan's Nikkei fell 0.5 percent. South Korea's Kospi index dipped 0.1 percent despite solid second-quarter results from Samsung Electronics which posted a 5.7 percent rise in profit, it said.

JF Apex Securities Research in a market preview said US markets declined overnight following losses in technology counters.

It said that earlier, European stocks also tumbled following lower-than-expected corporate earnings.

“On the local market, the FBM KLCI added 1.12 points to 1770.26 points after recovering from an intra-day low of 1764.28 points.

“Following the bearish performance in the US and Europe, the FBM KLCI could pull back from recent gains and retrace towards 1750 points,” it said.