Why KLCI down heavily again - these could be the reasons !

KLCI went through another heavy lost after Bursa Malaysia encountered heavy selling from investors, mainly foreign investors.

At early trading KLCI  was down 40 points but managed to regain some ground to close at 1,686.170 (-15.070).

The down fall of major markets could be due to these two reasons:-

• Possible military actions on Syria by US and its allies in response to an alleged chemical weapons attack on civilians.


• Fears over the US Fed Reserve would start tempering its stimulus effort. Supposedly this should be a good news, it shows US economy is on the right track. Markets could be overact on this matter or an excuse to take profits from recent rise.

Here are the biggest losers of the day:-