FBM KLCI Falls 0.96% Amid Middle East Tensions, Stronger US$

Malaysia’s benchmark FTSE Bursa Malaysia KLCI extended losses, sliding 0.96% as escalating Middle East tensions and renewed US tariff concerns dampened regional sentiment. The selloff was broad-based, although energy stocks outperformed on firmer crude prices. The ringgit weakened in line with regional peers as the US dollar strengthened following US-Israel strikes on Iran.

FBM KLCI Falls

Market breadth was negative, with decliners outnumbering advancers. Globally, Wall Street ended mixed, while Europe and most Asian markets closed lower amid geopolitical uncertainty. Oil prices surged on fears of supply disruptions, particularly around the Strait of Hormuz. Analysts expect the FBM KLCI to trade range-bound in the near term, with resistance at 1,714 and support near 1,680. Investors are advised to focus on energy, exporters, banking and REITs for defensive positioning.

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