KUALA LUMPUR (Nov 26): The FBM KLCI slipped in early trade this morning, tracking regional markets as select blue chips dipped.

At 9.05am, the FBM KLCI fell 2.95 points to 1,692.93.

The early decliners included Nestle (M) Bhd, Hengyuan Refining Company Bhd, Ornapaper Bhd, Carlsberg Brewery Malaysia Bhd, KESM Industries Bhd, Telekom Malaysia Bhd, Hap Seng Plantations Bhd, Tasco Bhd and Dufu Technology Corp Bhd.

Asian shares were on a slippery slope on Monday as plunging oil prices fanned worries about a dimming outlook for the global economy as investors brace for a crucial meeting between US and Chinese leaders at the end of week, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was down slightly while Japan's Nikkei posted gains of 0.2% after initial losses, it said.

Hong Leong IB Research in a traders’ brief said in the US, volatility will remain over the near term with the unsettled trade issues, as investors will be closely watching the conclusion of the G20 summit this week for further clues on the trade disputes status between the US and China.

“Also, few other major events that investors will be taking note are the OPEC and FOMC meetings. Nevertheless, EU leaders backed Theresa May’s Brexit withdrawal agreement over the weekend may lift the trading tone mildly.

“On the local front, we may anticipate some selling pressure, tracking the negative sentiment on Wall Street.

“Moreover, the weakening ringgit and crude oil prices could dampen the trading mood on domestic-driven and oil and gas sectors. However, traders may focus on export-oriented companies over the near term amid weaker ringgit outlook,” it said.