KUALA LUMPUR (Aug 30): The FBM KLCI got off to a firm start on the final trading day of August, against the backdrop of positive regional markets, lifted 0.53% by gains including at Genting Bhd and Malayan Banking Bhd (Maybank).

At 9.05am, the FBMKLCI rose 8.45 points to 1,603.63.

The early gainers included Fraser & Neave Holdings Bhd, Nestle (M) Bhd, Ajinomto (M) Bhd, Petronas Gas Bhd, Genting, Maybank, Kuala Lumpur Kepong Bhd, British American Tobacco (M) Bhd and Petra Energy Bhd.

Asian shares ticked higher on Friday as China struck a hopeful tone on trade with the United States but continued fears about a global growth slowdown, or even a recession, capped sharp rallies, according to Reuters.

Investors were focused on a string of economic releases due over the weekend including China's official manufacturing survey which would provide a good gauge of the real impact from the Sino-U.S. trade war, it said.

JF Apex Securities in a market preview said US markets rose overnight after China hinted that it would not retaliate immediately against the US' latest tariff.

It said similarly, European stocks advanced following China's comment that it is willing to negotiate and collaborate with the US.

“On the local market, the FBM KLCI rose 5.36 points to 1595.18 points.

“Following the improved sentiment on trade war, the FBM KLCI could extend its rebound towards the resistance of 1630 points,” it said.