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Asian markets got hammered today. Tech stocks led the overnight massacre on Wall Street, and now the contagion's spreading east. Market volatility? Yeah, it just exploded to heights we haven't witnessed since April.
What's driving this? Overextended valuations finally catching up. When tech names bleed like this stateside, Asian markets rarely escape unscathed. Traders are reassessing whether these price tags ever made sense in the first place.
The volatility spike tells you everything—fear's creeping back in. Risk appetite evaporated fast. Anyone holding leveraged positions probably had a rough morning. Classic reminder that stretched valuations don't hold forever, especially when sentiment shifts this abruptly.