KUALA LUMPUR (March 28): The FBM KLCI dipped 0.33% in early trade this morning, tracking losses at most regional markets.

At 9.05am, the FBM KLCI fell 6.10 points to 1,856.35.

The top losers included Nestle (M) Bhd, Hengyuan Refining Company Bhd, Carlsberg Brewery Malaysia Bhd, Petron Malaysia Refining & Marketing Bhd, Hap Seng Consolidated Bhd, Globetronics Technology Bhd, United Plantations Bhd, Sime Darby Plantation Bhd and WCE Holdings Bhd.

Asian shares pulled back on Wednesday as Wall Street was knocked hard on concerns about tighter regulations on the tech industry, denting a brief global equities recovery driven by hopes of easing fears of a trade war between China and the United States, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent, with tech-heavy Korean shares falling 1.0 percent. Japan's Nikkei fell 2.1 percent, it said.

JF Apex Securities Research in a market preview said US markets declined sharply overnight with the Nasdaq plunging almost 3% following losses in technology counters led by Facebook after its data scandal.

It said in contrast, European stocks advanced as fears of a trade war between US and China eased.

“On the local market, the FBM KLCI gained 2.54 points to 1862.45 points.

“Following the mixed performance between Wall Street and Europe, the FBM KLCI is expected to remain sideways between the support and resistance of 1840 and 1880 points respectively,” it said.