The rise was obviously too much, too fast. Some weak earnings which came out yesterday gave a good excuse for investors to sell.

Declines are being led by the loss of dividend rights. That's caused the drop.

Buying momentum for domestic-demand related stocks still exists on a recovery in consumer spending and capital investment.

Investors are prioritizing investment into the financial sector now. Fundamentals look good and I expect banks to post further profit gains.

The decline in oil prices is a desirable scenario for exporter stocks.

Declines are being led by the loss of dividend rights. That's caused the drop, including power companies, although the expiry of dividends is a less pronounced factor for companies with stronger fundamentals.