KUALA LUMPUR (June 7): The FBM KLCI opened up today after US stocks rose overnight on news reports, which indicated the US may delay tariffs on Mexican imports. 

At Bursa Malaysia today, the KLCI opened 6.84 points up at 1,650.93 at 9am as share trade resumed after the Hari Raya Aidilfitri break. At 9:04am, the KLCI rose 7.44 points to 1,651.53. 

"While the local market should rebound today following positive external leads from a potential US-Mexico trade deal and US interest rate cuts, lacking local leads could restrict trading ahead of the weekend," TA Securities Holdings Bhd wrote in a note today.

Malaysian share trade resumed today after markets were closed in recent days for the Hari Raya Aidilfitri holidays. On Tuesday (June 4), markets were closed at 12:30pm after half-day trading followed by full-session breaks on Wednesday (June 5) and Thursday (June 6).  
 
Overnight on Thursday in US stock markets, Reuters reported that the Dow Jones Industrial Average closed up 0.71%, the S&P 500 rose 0.61% while the Nasdaq Composite added 0.53%.

It was reported that Wall Street's main indexes closed higher after a choppy session on Thursday as investors grew more optimistic on trade after reports that the US is considering a delay in imposing tariffs on Mexican imports. It was reported that the market added to gains after a Bloomberg report cited unidentified sources saying that US President Donald Trump could delay the tariffs he had threatened to put on Mexican goods as soon as Monday.