Bursa Malaysia opened lower taking the cue from Wall Street’s weaker overnight performance which stumbled in late trade, giving up earlier gains as a selloff in tech shares continued.

Investors were also assessing the outlook for the economy amid a slowing down in the number of new COVID-19 cases and a lack of progress toward additional coronavirus aid from Washington, a dealer said.

At 9.06am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.00 points to 1,557.74 from Tuesday’s close of 1,564.74.

—BERNAMA