KUALA LUMPUR: The FBM KLCI pared earlier losses as global equities rebounded from the shock of a fresh tariffs announcement from US President Donald Trump, which threatened higher import taxes on steel and aluminium, as well as reciprocal taxes on its trading partners.
At 12.30pm, the benchmark index was down 1.9 points to 1,589.01, lifting off an intra-morning low of 1,584.2.
However, the broader market remained negative with 526 decliners compared to 308 gainers.
Turnover was subdued with 1.86 billion shares valued at RM902.36mil.
Sentiment in the region was cautious on Monday as China's retaliatory tariffs on some US goods are due to take effect, although investors continue to hold out for negotiations between the two nations.
However, markets were slightly higher with China's composite index up 0.31% to 3,313 and Hong Kong's Hang Seng rising 1.43% to 21,435.
Japan's Nikkei gained 0.11% to 38,831. Singapore's Straits Times rose 0.67% to 3,887.
On Bursa Malaysia, Nestle rose 50 sen to RM91, Axiata gained seven sen to RM2.28 and Kuala Lumpur Kepong rose eight sen to RM20.44.
Of actives, Borneo Oil
wa sflat at one sen, Colform gained 2.5 sne to 38.5 sen and TWL added 0.5 sen to three sen.
