Is this a major correction?

I still don’t see it is a major correction worldwide. Personally I think it is a good time to buy lots of undervalued stocks. I am buying CIMB, MBSB, Pantech and some over beaten Jaks.

I am also subscribed to all MNRB as it has dropped to highly undervalued level. We sold down from RM 2.7 to RM 2.4 before right issue announced. But when it ex at RM 1.50. It further dropped below RM 1.10. We subscribed to all balance rights given to us.