US stocks hit record highs; China remains cheap for investors

Indian investors are reevaluating global diversification amid local market volatility.

US markets are at record highs but expensive, with S&P 500 trading at ~22 times expected earnings and heavily concentrated in tech giants.

China is cheaper at ~11-13 times expected earnings but carries policy, geopolitical, and property market risks.

Experts recommend a global allocation of 15-25% for beginners and up to 50% for aggressive profiles.

ETFs are the easiest way for Indian investors to access US and China markets rather than picking individual stocks.