Bursa Malaysia is facing another tough session as the US tariff announcements against Mexico, Canada and China over the weekend triggered the start of a trade war that has battered global equities.
The FBM KLCI fell 9.36 points to 1,547.56 when the market opened for trading, trading at a six-month low as foreign funds continued to pull back amid risk-off sentiment.
Rakuten Trade said in its market outlook that there are still no signs of a post-Chinese New Year rally although the local bourse appears ripe for some stock accumulation.
It believes some foreign funds will shift to better value propositions, possibly looking back at Asia amid rising uncertainty on Wall Street.
US stock futures suffered a sharp decline with the Dow Jones down 1.1% and the Nasdaq down 2.2% as investors were wary of the prospect of higher tariffs fuelling inflation.
On Bursa Malaysia, YTL Power, which was subject to selling pressure last week following the launch of China's DeepSeek, fell four sen to RM3.04. YTL Corp fell one sen to RM1.90.
