China vs Japan market ratio showing something interesting—$HSI / $NI225 on 6-month candles has been building bullish divergence for 2-3 years now. Classic catch-up setup forming. China's been lagging while Japan ran, but the technical structure suggests that gap could close. Not a straight line, but the relative value trade is getting harder to ignore. If you're long Asia exposure, this is the kind of positioning shift that matters over the next few quarters.