KUALA LUMPUR (Jan 24): The FBM KLCI is expected to is hover sideways around the 1,670-point level today in line with the overnight retreat at most global markets.

Locl investors could also take a wait and see approach following President Donald Trump formally withdrawing the United States from the Trans-Pacific Partnership trade deal.

The U.S. dollar fell to a seven-week low against a basket of key world currencies on Monday and global stock markets slipped amid investor concerns over protectionist rhetoric by U.S. President Donald Trump, according to Reuters.

U.S. Treasury yields dipped and gold rallied as demand for safe-haven assets was boosted by Trump's stance on trade, it said.

The Dow Jones Industrial Average fell 47.3 points, or 0.24 percent, to 19,779.95, the S&P 500 lost 8.07 points, or 0.36 percent, to 2,263.24 and the Nasdaq Composite dropped 7.64 points, or 0.14 percent, to 5,547.70.

Meanwhile, Reuters reported that U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China's influence in the region rises.

Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States from the 12-nation TPP, it said.

Based on corporate announcements and newsflow yesterday, companies that may be in focus tomorrow (Jan 24) could include: LKL International Bhd, Greenyield Bhd, MKH Bhd, Iris Corp Bhd, Aemulus Holdings Bhd, EcoWorld Development Group Bhd, Ni Hsin Resources Bhd, DiGi.Com Bhd, NWP Holdings Bhd, Ecofirst Consolidated Bhd and TMC Life Sciences Bhd.