KUALA LUMPUR (Sept 25): The FBM KLCI trended lower in line with struggling regional markets, but losses were seen capped.

At 9.05am, the FBM KLCI dipped 1.04 points to 1,799.13.

The losers included PPB Group Bhd, Lafarge Malaysia Bhd, ViTrox Corp Bhd, Petronas Chemicals Group Bhd, Formosa Prosonic Industries Bhd, CIMB Group Holdings Bhd, Harbour-Link Group Bhd, Pos Malaysia Bhd, Malaysia Airports Holdings Bhd and TSH Resources Bhd.

Asia stocks struggled on Tuesday as the latest round of U.S.-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1 percent, it said.

Hong Leong IB Research in a traders’ brief said with the increase concerns over political turmoil, as well as the cancellation of the trade talks between the US and China, traders may stay cautious over the near term.

“Also, the FOMC meeting that will be held over the next two days will be the focus this week. Hence, with the extended cautious sentiment, we opine that the Dow could be having limited upside, trading within the range of 26,500-27,000.

“Despite the lower-than-expected tariffs imposed by the Trump administration, we expect sentiment on the local front may stay soft, tracking the weaker performance on the regional and Wall Street.

“However, we believe O&G stocks would see further trading activities on the back of the firmer Brent crude oil prices as it has surged towards a 4-year high,” it said.