On Monday, China’s shares faced a roll down in Shanghai and Hong Kong having a strong influence from market fluctuations where investors knocked companies reporting weak or forecast-meeting results, while a late jump in HSBC helped the Hang Seng index offset some of those losses and end higher.

While commenting on the market scenario, the Chief Operating officer at KGI Asia in Hong Kong, Ben Kwong anticipated that the investors will maintain a distance from the market, if there is no clear direction. In addition, he also claimed to acknowledge that investors are also pricing in some kind of a broader China slowdown at the moment.

"The market is quite quiet for now as there were no major surprises in the fixing”, added a Shanghai-based trader at an Asian bank. "I think the turbulence in the global financial markets may be easing a little”.

The China Construction Bank, which credits to be the world’s No. 2 bank by market capitalization was observed to trade at 5.8 times forward 12-month earnings, the lowest-ever valuation for its H-shares in Hong Kong.

On the other hand, traders in Hong Kong claimed that fund managers were probably waiting out the interim reporting season and wary of any potential revisions to earnings projections which could render valuations less attractive.