PL/SQL Update Join?

UPDATE Alex_Table1 t1
SET t1.VAL =
      ( SELECT t2.VAL 
        FROM Alex_Table2 t2
        WHERE t2.PK = t1.PK
      )
WHERE EXISTS
        ( SELECT *
          FROM Alex_Table2 t2
          WHERE t2.PK = t1.PK
        )

This also works (as long as (PK) is the primary key of Alex_Table2):

UPDATE
  ( SELECT t1.VAL A, t2.VAL B
    FROM Alex_Table1 t1
      JOIN Alex_Table2 t2
        ON t2.PK = t1.PK
  )
SET A = B ;

Tested at dbfiddle.uk.

Use a MERGE statement:

MERGE INTO Alex_Table1 t1
USING Alex_Table2 t2
ON (t1.PK = t2.PK)
WHEN MATCHED THEN 
UPDATE SET t1.VAL = t2.VAL