KUALA LUMPUR (Aug 13): The FBM KLCI dipped 0.23% in early trade this morning, tracking losses at most regional markets, dragged by key index-linked blue chips.

At 9.05am, the FBM KLCI fell 4.20 points to 1,801.55.

The early losers included Petronas Dagangan Bhd, Maxis Bhd, Hengyuan Refining Company Bhd, Carlsberg Brewery Malaysia Bhd, Malaysia Smelting Corp Bhd, Tenaga Nasional Bhd, Sime Darby Plantations Bhd, IOI Corp Bhd, RHB Bank Bhd and Top Glove Corp Bhd.

Asia share markets slipped and the euro hit one-year lows on Monday as a fresh fall in the Turkish lira fuelled demand for safe havens, including the U.S. dollar, Swiss franc and yen, according to Reuters.

Japan's Nikkei lost 0.95 percent and MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.3 percent as bourses across the region turned red, it said.

JF Apex Securities in a market preview today said US markets tumbled on Friday after Turkey's currency hit a record low against the US dollar.

It said that similarly, European stocks plummeted after the Turkish lira depreciated significantly.

“On the local market, the FBM KLCI was flat after adding 0.80 points to 1805.75 points.

“Following the bearish performance in global markets, the FBM KLCI is expected to trend lower towards the support of 1750 points,” it said.