KUALA LUMPUR (July 4): The FBM KLCI is expected to trend lower today in line with the weaker overnight close at most global markets as mounting concerns over the a U.S.-China trade spat keeps investors on tenterhooks.

World stocks edged lower Tuesday despite broad gains in Europe and rising oil prices as markets remained in the grip of trade turbulence, according to Reuters.

A July 6 deadline is looming for Washington to impose tariffs on $34 billion worth of Chinese goods that Beijing has vowed to match with tariffs on U.S. products. President Donald Trump also threatened on Monday to "do something" if the United States was not better treated by the World Trade Organization, it said.

In the United States, benchmark indices closed in the red after trading for much of the day in positive territory during a holiday-shortened session. The Dow Jones Industrial Average fell 132.36 points, or 0.54 percent, to 24,174.82, the S&P 500 lost 13.49 points, or 0.49 percent, to 2,713.22 and the Nasdaq Composite dropped 65.01 points, or 0.86 percent, to 7,502.67, said Reuters.

Based on the corporate announcements and news flow yesterday, companies in focus today may include: Pasdec Holdings Bhd, Damansara Realty Bhd, Telekom Malaysia Bhd, Green Packet Bhd, Velesto Energy Bhd, IHH Healthcare Bhd, Versatile Creative Bhd, Sunway Bhd, Zelan Bhd, Multi Sports Holdings Ltd, Lion Industries Corp Bhd and TH Heavy Engineering Bhd.