Warren Buffet just gave investors a $46 million warning about stock market.

Buffet has been closing many of his positions and increasing his cash due to what he says unattractive prices and valuations. This is something to be concerned about when it comes to capital allocation.

If a market drop is near, or even worse, returns in the near future aren't satisfactory for the next 5-10 years due to current high valuations.
What industries, and stocks should we focus on?

Would it be smart to consider more exposure into China, Japan, Taiwan?

Some of the stocks I find attractive (own some too) are the following:

https://www.valuemetrix.io/companies/BABA

https://www.valuemetrix.io/companies/PDD

https://www.valuemetrix.io/companies/JD

https://www.valuemetrix.io/companies/BIDU

Any thoughts of these stocks above?
Any other thoughts?