Although more upheaval is possible in China's stock market, which fell nearly 13% in dollar terms in January, the Year of the Monkey may yet delight investors with its gambols.
According to William Fong, investment manager at Baring Asset Management, the recent stock plunge means many stocks are now trading at attractive valuations.
He identifies Guangdong Investment, the utility company which supplies water to Hong Kong, Shenzen and Dongguan, as a potential candidate to buy now that its price has fallen.
"While we cannot rule out the possibility that the mischievous monkey will bring further volatility in the short term, we would also emphasise that volatility creates opportunity," says Fong. "With the right approach, investors could still see potential for a little 'monkey magic' in 2016."
However, with the prospect of a devaluation of the yuan, some fear the Year of the Monkey, which began on Monday, will take on a more sinister aspect.
Keith Wade, chief economist at Schroders, says a scenario in which China's authorities devalue the yuan by a fifth, triggering competitive devaluations from other Asian economies such as Japan, is "increasingly likely".
Wade has previously warned that this kind of "currency war" would not bode well for risk assets.
Will conflict over exchange rates turn 2016 into a Planet of the Apes-style dystopia? Analysts say stability in the yuan alongside soothing comments from the US Federal Reserve and better growth figures are the positive signs to hope for.
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