Capital Economics: Asian stock market correction reflects bearish sentiment in US stocks

According to ChainCatcher, citing Golden Ten Data, Thomas Mathews, Head of Asia-Pacific Markets at Capital Economics, stated that the pullback in Asian stock markets appears to be a direct response to yesterday's decline in U.S. tech stocks. In particular, the South Korean stock market has performed strongly recently, so when sentiment shifts, their losses are also greater. Mathews expressed doubt as to whether the sell-off in U.S. tech stocks would intensify and persist, believing that compared to the U.S., valuations in Asia remain low, which may limit the downside risk of a global sell-off.