KUALA LUMPUR (Aug 1): The FBM KLCI dipped 0.27% in early trade today on some mild profit taking against the backdrop of higher regional markets, dragged by losses including at Tenaga Nasional Bhd and Genting Bhd.

At 9.05am, the FBM KLCI fell 4.78 points to 1,779.47.

The top losers included Tenaga, United Plantations Bhd, IOO Corp Bhd, ViTrox Corp Bhd, Hong Leong Financial Group Bhd, Press Metal Aluminium Holdings Bhd, Westports Holdings Bhd, IOI Properties Group Bhd and Genting.

Asian shares rose on Wednesday, following gains on Wall Street, as a report of attempts to renew talks between the United States and China eased trade war fears, but investors will be keeping a close eye on data due today, according to Reuters.

Global markets inched higher on Tuesday, helped by a Bloomberg report that the U.S. and China were seeking to resume trade talks to defuse the battle over import tariffs, it said.

JF Apex Securities Research in a market preview said US markets advanced overnight after a news report that the US and China will restart talks to avoid a trade war.

It said that similarly, European stocks ended higher following news of the world's two biggest economies trying to defuse the trade war.

“On the local market, the FBM KLCI jumped 13.99 points to 1784.25 points.

“Following the bullish performance in the US and Europe, the FBM KLCI could follow suit and climb towards the resistance of 1800 points,” it said.