U.S. stock valuations are questioned, and Asian stock markets generally decline

According to Jin10, on Wednesday, Asian stock markets followed the overnight sell-off in U.S. stocks, as investor concerns over high valuations weakened market confidence. The MSCI Asia-Pacific Index fell by 1%, with the South Korean stock market leading the decline, dropping more than 4%. Chris Weston, head of research at Pepperstone Group, stated that the market lacks short-term catalysts and there are few reasons to buy. The CEOs of Morgan Stanley and Goldman Sachs questioned the sustainability of sky-high valuations, leading to heightened concerns about the excessive inflation of the stock market.