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Analysts with Morgan Stanley said that there is likely more downside coming in the US market over the next month. But, they said,"This is still a bull market with lots of opportunity in single stocks."

An unprecedented number of Chinese deals were delayed, or abandoned in 2017 as parties failed to obtain approval from the Committee on Foreign Investment in the United States, which screens FDI for potential national security risks.

Analysts said the industrial profit growth may continue to ease in the coming months, but it will not fall sharply.

And he noted that Southeast Asian companies, in particular those with a vast pool of Chinese business links and information, would find the opportunities created by the Bay Area attractive and potentially rewarding.

Analysts said on Tuesday they believe a dramatic surge in imports of US petroleum products into China in the current year is a win-win for the world's biggest trading partners.