KUALA LUMPUR: Investors on global stock markets remain watchful for signs of progress in negotiations over the Middle East conflict.
According to news reports, Iran has rejected a 45-day ceasefire proposal as US President Donald Trump's Tuesday evening deadline for the reopening of the Strait of Hormuz looms.
However, the US, Iran and regional mediators remain locked in discussion over the terms of a potential ceasefire.
After the previous day's sharp fall, the FBM KLCI was seen retracing slightly higher on Tuesday, rising 3.22 points to 1,685.64 at the open.
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