KUALA LUMPUR (May 16): The FBM KLCI fell 0.33% in early trade this morning, following the weaker overnight close at Wall Street that hit regional markets and talks in the Korean peninsula being called off.

At 9.10am, the FBM KLCI fell 6.16 points to 1,842.04.  

The losers included Heineken Malaysia Bhd, PPB Group Bhd, Hong Leong Financial Group Bhd, Magna Prima Bhd, Genting Bhd, CIMB Group Holdings Bhd, Berjaya Media Bhd, Tenaga Nasional Bhd and Petron Malaysia Refinimg & Marketing Bhd.

Asian markets fell in early trade on Wednesday after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question, and a spike in the U.S. 10-year Treasury yield to a seven-year high knocked sentiment on Wall Street, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent, it said.

JF Apex Securities Research in a market preview said US markets tumbled overnight to end a 8-day winning streak after the 10-year Treasury yield hit a 7-year high.

It said that earlier, European stocks ended mixed as energy and financial counters climbed while telecommunication counters declined.

“On the local market, the FBM KLCI shed 2.22 points to 1848.20 points on foreign selling after erasing intraday gains from 1860.59 points.

“Following losses in Wall Street, the FBM KLCI could follow suit and trend lower today. Immediate support is seen at 1800 points.