Yes, there are both similarities and differences in connotations of various colours in different cultures since no two cultures are exactly the same; even within "sub-cultures", there are differences. For example, the most common colour red bears different meanings in East-Asian and Western cultures. In the east, this colour takes on celebration, happiness, long life and financial prosperity and is long used as a main symbol in new year celebrations, birthdays, religious and wedding ceremonies. It therefore has a majorly positive connotation under such a culture. On the other hand, the West associates red with love, passion, even danger in the environment(negative) and to a modest degree, the Christmas occasion, based on their representation from various significant elements of nature such as the rose, blood and poinsettias(Christmas). So I would say that this example of the color red has more of a state of emotion and liveliness(intrinsic) connotation in the East while the West relates it more on the basis of object/element(extrinsic) characteristic.

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