over reaction?

there are couple of reasons US market crash last week. one is employment data and i hope fed will increase more than 25 basis points in Sep review. and Japan central bank increased interest rates to 0.25%. Trillions of dollars from Japan money went to US markets and because of interest rate increase is streangthing Yen. so most of money has been pulled back by japanese from US markets.

so this japanese pull back money effect is not there is Malaysia yet markets has reacted in proportionate to US markets.

right time to pick stocks whose revenues are depends on local or non-usa based revenue and hold for long.