Why KLCI dropped 32 points - which are worst decliners?

The KLCI fell 1.9% to close at 1745, down 32 points. This was the biggest lost in one day since 21 Jan 2013.

There were 964 decliners versus 75 gainers.

The dropped was due to several concerned in the market:

• Market worries about the US Federal Reserve's monetary policy, tomorrow (21/8 US time) it may gives indication when there will reduce bond purchasing, markets predict it may happen as early as this September.

• Weakening Ringgit

• Foreign funds reducing their share-holding in local market

• Financial situation in Indonesia and Thailand 

Which are the worst decliners?
Shares of Maybank and CIMB were the major decliners, there were among the worst decliners, losing RM0.48 to RM9.96 and RM0.32 to RM7.58 respectively.

Another worst loser, HLFG down RM0.42 to close at RM14.08. Others like, AEONCR and Bursa.

Both counters (Maybank and CIMB) reduced a combined 12.91 points off the KLCI.

This is also the 'excuse' for market correction as major markets already went up so high.