KUALA LUMPUR: The ringgit opened lower against US dollar today as investors stayed on the sidelines due to external factors and as US-China trade tensions worsened.At 9am today, the ringgit was quoted at 4.1700/1730 against the greenback compared to 4.1630/1660 at yesterday's close.A dealer said the blacklisting of Chinese technology giant, Huawei, would have a negative impact on electrical and electronics manufacturing and trade, which is one of Malaysia's main strengths. "The ban will escalate tensiona between the two economic powerhouses. China will definitely retaliate. "What we are worried is that this will only aggravate the situation which has already caused a slowdown in the global economy. Malaysian companies will also be affected in the long run," he added.

Source: The Star May 17, 2019 02:37 UTC