However, from the perspective of Pictet Wealth Management’s Alexandre Tavazzi, he is not quite ready to urge clients to jump back in.
The mood over China and Hong Kong markets changed abruptly on March 16, when the government signalled its willingness to support the market and that investors’ concerns over losing US$1.5 trillion ($2.03 trillion) in market value do matter.
Overnight, the pessimistic mood over the slew of almost punitive regulatory moves on various sectors — ranging from property to technology — that have been afflicted on the market for more than a year, lifted. This sent both the mainland’s and Hong Kong’s markets up sharply.
