KUALA LUMPUR (April 4): The FBM KLCI dipped in early trade this morning, weighed by losses at CIMB Group Holdings Bhd and Public Bank Bhd.

At 9.05am, the FBM KLCI dipped 1.94 points to 1,848.84.

Among the early decliners were CIMB, Public Bank, Comfort Gloves Bhd, Press Metal Aluminium Holdings Bhd, Pintaras Jaya Bhd, Gamuda Bhd, Tong Herr Resources Bhd and Unisem (M) Bhd.

Asian shares were trying to bounce on Wednesday as investors underwent another of the mercurial mood swings that have plagued markets recently, and one could prove just as fleeting given simmering fears of a trade war, according to Reuters.

Safe-haven bonds, gold and the yen all ran into selling as Wall Street benefited from bets that President Donald Trump's Twitter attacks on Amazon would not translate to actual policy, it said.

JF Apex Securities Research in a market preview said US markets staged a relief rally after rebound in technology counters.

It said that earlier, European stocks declined following concerns of a potential trade war and the US could impose regulation on the technology sector.

“On the local bourse, the FBM KLCI lost 7.57 points to 1850.78 points.

“Following the rebound in Wall Street, the FBM KLCI could follow suit but immediate outlook remains sideways above the support of 1840 points,” it said.