SINGAPORE (Oct 22): Volatility appears to be the theme of the day in global stock markets. Investors are noticeably jittery, following a bruising couple of weeks, although a steadier Wall Street has allayed the worst of fears, for now. 

The US economy remains in good shape. Recent data showed a record number of jobs available in August. The main worry is rising valuations and a widening valuation gap with the rest of the world. 

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