KUALA LUMPUR (April 5): The FBM KLCI rose 0.74% in early trade this morning, tracking regional gains.

At 9.05am, the FBM KLCI 13.58 points to 1,829.52.

The gainers included KESM Industries Bhd, Heineken Malaysia Bhd, Top Glove Corp Bhd, Muhibbbah Engineering (M) Bhd, Hengyuan Refining Company Bhd, Petron Malaysia Refining & Marketing Bhd, Lotte Chemical Titan Holding Bhd, George Kent (M) Bhd, Magni-Tech Industries Bhd and Hartalega Holdings Bhd.

Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-U.S. trade tensions, with investors hoping a full-blown trade war between the world's two biggest economies can be averted, according to Reuters.

Sentiment was lifted as the United States expressed willingness to negotiate a resolution to the trade fight after the proposed U.S. tariffs on $50 billion in Chinese goods prompted a quick response from Beijing that it would retaliate by targeting key American imports, it said.

JF Apex Securities Research in a market preview said US markets rallied overnight after staging a sharp rebound as the White House played down the possibility of a trade war.

It said that earlier, European stocks declined with losses led by technology counters after China announced additional tariffs on 106 US products.

“On the local market, the FBM KLCI plunged 34.84 points to 1815.94 points.

“Following the rebound in Wall Street, the FBM KLCI could follow suit and climb up with support at 1800 points,” it said.