KUALA LUMPUR: Bursa Malaysia continued to see downwards pressure on Wednesday morning as the regional selloff over trade tensions continued.
Fears have been mounting over the week with the financial crisis in Argentina seeing investors fleeing the peso and triggering fears of contagion in emerging markets.
Meanwhile, discussions between the US and Canada over a Nafta deal are set to resume later this week.
At 9.15am, the FBM KLCI was 6.97 points lower at 1,805.79. Trading volume was 177.23 million shares valued at RM107.62mil. There were 135 gainers versus 179 decliners and 192 counters unchanged.
Among actively traded counters, Nova MSC rose 0.5 sen to 17 sen, Borneo Oil
slid 0.5 sen to 5.5 sen and Lion Industries resumed its rise by two sen to RM1.03.
Top gainers in early trade included Public Bank adding 10 sen to RM24.96, Toyo Ink surging 18 sen to 85 sen and Petra Energy jumping eight sen to 59.5 sen.
On the decline, Nestle shaved 30 sen to RM147.10, PPB dropped 16 sen to RM16.80 and KL Kepong fell 10 sen to RM24.70.
Digi weighed for a third straight day, sliding nine sen to RM4.54.
Oil prices fell on Wednesday, partly reversing a strong jump from the previous day, as the impact of a tropical storm on U.S. Gulf coast production was not as strong as initially expected, Reuters reported.
WTI crude futures were down 53 cents at US$69.34 per barrel while Brent crude fell 34 cents to US$77.83 a barrel.
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