KUALA LUMPUR (Dec 6): The FBM KLCI is expected to extend its losses today and stay below the 1,700-level in line with the battered global markets that fell overnight.

Global stocks fell on Wednesday, plagued by a flattening yield curve that sparked concerns about an economic slowdown in the United States and weakening expectations of a lasting U.S.-China trade truce, while the dollar steadied, according to Reuters.

U.S. markets were closed to mark former President George H.W. Bush's death, but the effect of Wall Street's turmoil in the previous session, when New York-listed shares tumbled more than 3 percent, was felt in Asia and Europe, it said.

Tuesday's markets chaos came a day after equities boomed on optimism that China and the U.S. had temporarily called a tariff ceasefire to sort out their trade dispute. But doubts began soon after along with President Donald Trump threatening "major tariffs" on Chinese imports if his administration failed to reach an effective trade deal with Beijing, said Reuters.

Based corporate announcements and news flows yesterday, stocks in focus today may include: Kerjaya Prospek Group Bhd, Berjaya Food Bhd, BIMB Holdings Bhd, Straits Inter Logistics Bhd, Serba Dinamik Holdings Bhd, Willowglen MSC Bhd, Astro Malaysia Holdings Bhd, and Gamuda Bhd.