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"Economic cycles are a fact of life. they will happen and maybe we're going into a downturn now, but that isn't going to destroy globalization -- it will interrupt it, but It won't destroy it," O'Neill said.

"Economists nearly unanimously agree that tariffs have negative economic effects, and this has been observed time and time again when countries impose tariffs," said Erica York, an analyst with the Center for Federal Tax Policy at the US Tax Foundation, who wrote the report titled The Impact of Enacting President Trump's Tariffs. The foundation is an independent tax policy nonprofit.

"Everyone is fixated right now on the changes that Hong Kong has made to its listing standards to accommodate dual-class shares so as to be able to attract the big China tech unicorns," Bernstein said. "While I do think this makes Hong Kong more viable at the margin, there are a whole host of factors that go into choosing the best listing venue, and dual-class now creates a level playing field between the US and HKEX."

"Education is the answer to this problem. The march of technology is inevitable and we have to move forward because there is no alternative," he said.

"Despite growing awareness, Hong Kong investors may still have some way to go in fully understanding and adopting sustainable investments to ensure they meet their long-term investment objectives," said Chris Durack, chief executive officer at Schroders Hong Kong.