KUALA LUMPUR (April 6): The FBM KLCI's rebound on Thursday was short-lived as additional tariffs proposed by US President Donald Trump spooked investors again.

At 10am today, the FBM KLCI fell 3.10 points to 1,833.03.

Losers led gainers by 556 to 145, while 245 counters traded unchanged. Volume was 848.17 million shares valued at RM403.68 million.

The losers included Fraser & Neave Holdings Bhd, British American Tobacco (M) Bhd, Heineken Malaysia Bhd, Press Metal Aluminium Holdings Bhd, KESM Industries Bhd, Ajinomoto (M) Bhd, Petron Malaysia Refining & Marketing Bhd and Time dotCom Bhd.

The actives included UMW Oil & Gas Corp Bhd, Sapura Energy Bhd, Sumatec Resources Bhd and Diversified Gateway Solutions Bhd.

The gainers included Petronas Dagangan Bhd, Cahya Mata Sarawak Bhd, Top Glove Corp Bhd, Gamuda Bhd, Hartalega Holdings Bhd, DiGi.Com Bhd, Dialog Group Bhd and Supermax Corp Bhd.

US stock futures slid and the yen rose against the US dollar on Friday after Trump proposed additional tariffs on China, aggravating trade tensions and smothering a revival in broader investor risk appetite, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.25%. The index has spent the week swinging wildly in and out of negative territory amid the back-and-forth of the US-China trade dispute, it said.

Hong Leong IB Research in a traders' brief said that at this juncture, investors are brushing off the trade war tensions between the two biggest economies, and focusing on the upcoming earnings season with slight optimism, underpinned by the new, lower tax rates and the recovery.

"Nevertheless, as Trump just ordered the trade representative to consider US$100 billion in additional tariffs on Chinese products, it may trigger a volatile move in the global market.

"We think the current rebound on the local front could be short lived amid this uncertain environment.

"Also, with Trump taking [the] next move on China's retaliation tariffs, it may send alarming signals to the overall market. Investors are likely to deploy selling-into-strength strategy over the near term," it said.