KUALA LUMPUR (Jan 8): The FBM KLCI opened lower today, weighed by select blue chips following the overnight slump at Wall Street and most global markets.

At 9am, the FBM KLCI fell 4.10 points to 1,651.03 points.

The top losers included Kuala Lumpur Kepong Bhd, Petronas Gas Bhd, IHH Healthcare Bhd, Top Glove Corporation Bhd, Inari Amertron Bhd, Petron Malaysia Refining & Marketing Bhd, Can-One Bhd, Gas Malaysia Bhd and AMMB Holdings Bhd.

US markets tumbled over 2% overnight after China's 7% plunge triggered the circuit breaker for a second time this week. Similarly, European stocks declined sharply following lower oil prices and devaluation of the Chinese yuan, according to Reuters.

On the local bourse, the FBM KLCI dropped 12.84 points to 1,655.13 points. Following the bearish sentiment from China and continued slide in crude oil prices, further selldown is expected with immediate support at 1,645 points, it said.

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