KUALA LUMPUR (May 3): The FBM KLCI is expected to trade range bound and hover around the 1,860-level today in line with the weaker overnight close at Wall Street amid more Sino-U.S. trade worries.

The dollar was off its highs of the day and Treasury yields eased on Wednesday after the Federal Reserve held interest rates steady and gave no signals it was in a rush to increase the pace of rate hikes, according to Reuters.

In its statement, the Fed expressed confidence that a recent rise in inflation to near the U.S. central bank's target would be sustained, leaving it on track to raise borrowing costs in June, while it also said inflation "on a 12-month basis is expected to run near the Committee's symmetric 2 percent objective over the medium term," it said.

On Wall Street, the Dow Jones Industrial Average fell 133.6 points, or 0.55 percent, to 23,965.45, the S&P 500 lost 14.27 points, or 0.54 percent, to 2,640.53 and the Nasdaq Composite dropped 11.33 points, or 0.16 percent, to 7,119.38, said Reuters.

Based on corporate announcements and news flow yesterday, companies in focus today may include the following: Public Bank Bhd, Hartalega Holdings Bhd, Asdion Bhd, Petronas Chemicals Group Bhd, IHH Healthcare Berhad,  Inta Bina Group Bhd, Harrisons Holdings (Malaysia) Bhd, GD Express Carrier Bhd, YTL Coporation Bhd, Malaysian Resources Corp Bhd and Gamuda Bhd.