On Wednesday, Asian stock markets saw significant declines, driven by a tech-led selloff in Wall Street, leading to a sharp rise in market volatility not seen since April. Japan's stock index plummeted 4.5%, and South Korean shares fell by as much as 6.2% after reaching record highs a day earlier.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 2.3%, its steepest fall since U.S. President Donald Trump's tariff announcement in April. The selloff notably impacted Japanese conglomerate SoftBank Group, which saw a 10% tumble as Nasdaq Composite tracked a 2% drop overnight.

Analysts cite concerns that market valuations have become overheated, with figures such as Morgan Stanley and Goldman Sachs' CEOs questioning the sustainability of such levels. The enthusiasm for generat

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