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Analysts say the reason for the decline reflects a tightening of restrictions by the central government on outbound investment to prevent big conglomerates overextending themselves.

An opening ceremony and a sacrificial ceremony that prays for the blessings of Mother Nature and "awakens the sleeping fishing nets" will be held on the first day of the festival.

Analysts at securities companies said it will bring about vast investment opportunities.

Andrew Heath, Imagination's chief executive, considered the acquisition a good one, as it would ensure Imagination an independent IP licensing business with strong growth prospects.

And, at least according to one analyst, Amazon is likely to “disrupt the status quo” when it releases the device in the coming weeks.