KUALA LUMPUR (Nov 21): The FBM KLCI is seen struggling today with support at the 1,700-level, in line with the overnight slump at global markets, with technology-related stocks on Bursa Malaysia likely in focus.

World equity markets and oil prices tumbled on Tuesday as investors grew more worried about economic growth prospects, while the U.S. dollar rose on flight to safe-haven currencies, according to Reuters.

U.S. stocks slid further. Shares of consumer discretionary companies plunged after several retailers, including Target Corp and Kohl's Corp , gave underwhelming quarterly results and earnings forecasts, it said.

On Wall Street, the Dow Jones Industrial Average fell 551.8 points, or 2.21 percent, to 24,465.64, the S&P 500 lost 48.84 points, or 1.82 percent, to 2,641.89 and the Nasdaq Composite dropped 119.65 points, or 1.7 percent, to 6,908.82, said Reuters.

Based on corporate announcements and news flow yesterday, stocks in focus today may include the following: Pharmaniaga Bhd, Paramount Corp Bhd, AirAsia Group Bhd, RHB Bank Bhd, Malaysian Resources Corp Bhd, CIMB Group Holdings Bhd, MISC Bhd, Deleum Bhd, Sunway Construction Group Bhd, Dagang Nexchange Bhd, Ni Hsin Resources Bhd and MMAG Holdings Bhd.