KUALA LUMPUR (May 25): The FBM KLCI rebounded 0.89% in early trade this morning as gains at Tenaga Nasional Bhd, Public Bank Bhd and Genting Bhd lifted the local index against the backdrop of weaker regional markets.

At 9.05am, the FBM KLCI rose 15.91 points to 1,791.57.

The early gainers included Tenaga, Public Bank, Apex Healthcare Bhd, Genting, Heineken Malaysia Bhd, SAM Engineering & Equipment Bhd, Aeon Co (M) Bhd, Fraser & Neave Holdings Bhd and AirAsia Bhd.

Asian shares were slightly weaker on Friday amid fragile market sentiment after U.S. President Donald Trump called off a key summit with North Korea, though investor concerns were softened by expectations the two countries may still continue dialogue, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan ticked down. South Korea's Kospi fell 0.65 percent. Japan's Nikkei fell 0.3 percent, it said.

JF Apex Securities Research in a market preview said US markets tumbled overnight after President Trump had cancelled summit with North Korea.

It said European stocks also declined following the cancellation of abovementioned meeting, while automotive stocks dropped after US plans to investigate any abuse in trade tactics in its automotive market.

“On the local market, the FBM KLCI plunged 28.59 points to 1775.66 points.

“Following the bearish performance in Wall Street, the FBM KLCI is expected to remain pressured with support at 1750 points,”it said.