Bursa malaysia: Bursa Malaysia retreated from yesterday’s gains to open lower on Tuesday, tracking weaker regional markets and a softer overnight performance on Wall Street. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.76 points, or 0.17 per cent, to 1,640.96 from Monday’s close of 1,643.72. The index had opened 0.95 of a point lower at 1,642.77.

According to BERNAMA News Agency, on the broader market, 180 losers outpaced 121 gainers, while 273 counters were unchanged, 2,202 untraded, and 12 suspended. Turnover stood at 106.46 million shares worth RM62.36 million. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Hong Kong’s Hang Seng Index stayed in the red as growing concerns over stretched technology valuations and aggressive artificial intelligence (AI)-related investment continued to weigh on sentiment.

Thong added that overnight Wall Street finished lower as losses in the technology, oil and gas, and consumer services sectors dampened sentiment, with investors remaining cautious ahead of a data-heavy week that could significantly alter expectations for interest rates and the 2026 growth outlook. ‘However, on a positive note, the strengthening of the ringgit is expected to provide support to the local market. As such, we anticipate the FBM KLCI to continue oscillating within the 1,630-640 range today,’ he told Bernama.

For more details, visit the full article here.