China still too big a market to ignore Hong Kong market has lost about 45% from its peak on 16 Feb 2021 (more than 2.5 years ago) while China has lost about 55% as well. Looking at the dwindling red candles over the past few weeks, it is possible the selling pressures is almost over.
For the patient investors, you can wait for the breakout to happen first before deciding to go long. This could be a long haul as we hope to see investors slowly gaining more confidence in the stock market and start to invest again. Hopefully, the property market which is still in a doldrum has affected many people who strongly believes in the ever rising property prices. It may last for years but eventually, it has come to a stop and those who caught off guard and went a little too greedy with excess speculations got themselves burned with higher interest rates and could not service the mortgage and has to force sell the properties at a loss.
As one of the most hated and uninvestable country now, the opportunities for its upside is tremendous and to invest in it, one must be patient. Please DYODD