KUALA LUMPUR (Aug 15): The FBM KLCI extended its gains in early trade this morning in line with the rally most regional markets.

At 9.05am, the FBM KLCI rose 1.69 points to 1,772.77.

The gainers included Malaysian Pacific Industries Bhd, Hengyuan Refining Company Bhd, KESM Industries Bhd, Econpile Holdings Bhd, JHM Consolidation Bhd, SCGM Bhd, ViTrox Corp Bhd, Lotte Chemical Titan Holding Bhd, UEM Edgenta Bhd and JF Technology Bhd.

Asian shares rallied and the dollar firmed on Tuesday after North Korea's leader signalled that he would delay plans to fire a missile near Guam, further easing tensions and prompting investors to move back into riskier assets, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent, with South Korea up 0.6 percent and Australia 0.7 percent, it said.

JF Apex Securities Research in a market preview today said US markets rallied overnight amid easing geopolitical tension between the US and North Korea.

It said that similarly, European stocks advanced after US officials played down risks of a military conflict with North Korea.

“On the local market, the FBM KLCI gained 4.12 points to 1771.08 points.

“Following be bullish performance in the US and Europe, the FBM KLCI could extend its rebound towards the resistance of 1800 points,” it said.