According to Jinshi, Nomura Securities pointed out that high inflation in the United States, rising oil prices due to geopolitical tensions, and a stronger dollar are all recent negative factors affecting Asian stocks. However, unless geopolitical tensions rise significantly and oil prices continue to rise, this is not the beginning of a sustained downturn in the stock market. Nomura Securities recommends that long-term investors should use any pullback as an opportunity to increase their allocations and recommends adding some inflation hedges to guard against the risk of rising commodity prices/interest rates.