[theold]

It has more go to do with Quantitative tightening. HK market has international exposure. The Shanghai market doesn't drop much. The west is busy with Ukraine and stirring coffee. The latter did help to a certain extent in the flow of money to the safe haven. Another point is the interest rate to pull the flow of money like in South Korea and Japan.

Once there is less money, economic growth will slow down. These come with multiplier effects.