Just checked the Malaysia market and it's been rough lately. The KLCI has been sliding for five straight days now, down almost 60 points or 3.6 percent overall. We're hovering right around the 1700 mark but there's hope it might stabilize soon.

Monday was another down day with the index sinking about 16 points to close at 1700.21. Plantations got hit hard and the financials were all over the place. You had some names like Petronas Chemicals jumping 13 percent which was wild, but then stuff like MRDIY crashed 7.26 percent and Nestle Malaysia tanked 2.73 percent. CIMB dropped 1.24 percent, Maybank fell 2 percent, Sunway slumped 2.90 percent - pretty broad weakness across the board.

The global backdrop isn't helping much. U.S. markets were mixed, Europe was down, and there's all this geopolitical tension creating uncertainty. Oil prices spiked hard though - crude jumped over 6 percent which is pushing some of the energy stocks around. So we're stuck between people wanting to sell and others trying to find bargains at these lower levels. The 1700 support on the KLCI seems to be holding for now but I'm watching to see if we get a bounce or if we break lower.