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The new moon on 29 Jan marks the start of the Chinese lunar new year, which this time will be the Year of the Snake. Investors will be hoping for a repeat of the current year (the Year of the Dragon): the main index of Chinese stocks, the CSI 300, gained 18.3% in 2024, after a 9.1% fall the previous year. What is Chinese New Year’s effect on the stock market? The impact of the Chinese New Year on the stock market is mixed. Generally, there is a positive sentiment in the build-up to Golden Week that can boost the China A50, but the sentiment is often quick to reverse once the market closes. For 2021, the eve Chinese New Year had fallen upon Thursday, February 11. Below outline the dates for the various market closures in relation to Chinese New Year. Do note that China and Taiwan markets closures extend beyond the key dates below for Chinese New Year. During Chinese New Year, major stock exchanges like the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) close, causing a notable dip in trading volume and liquidity. This slowdown typically results in a temporary decline in stock values, but for savvy investors, it opens doors for strategic moves. The Chinese New Year is a time for extravagant spending, which could affect the stock prices of luxury goods companies like Tiffany & Co., LVMH, and Richemont. As the Chinese market undergoes a surge in online purchasing, trading opportunities may arise for US-based e-commerce corporations like Amazon and global tech enterprises with ties to China. The Chinese New Year is reportedly off to a strong start based on early rail traffic reports, air travel data, and lodging occupancy rates. The celebration to welcome the Year of the Snake will Despite a new year, Chinese investors remain mired in economic uncertainty, with both ongoing and newer challenges looming over the market. Since the country loosened COVID-19 restrictions in 2023 The country’s stock market will be closed for more than a week for the Lunar New Year holidays, as it transitions from the Year of the Rabbit to the Year of the Dragon. abnormal returns in Asian stock market are the results of Chinese New Year effect, the stock markets included in the research study includes Hong Kong, Japan, Malaysia, Singapore, and Taiwan. The Lunar (Chinese) New Year holiday begins tomorrow. Mainland markets will be fully closed starting tomorrow and remain closed for all of next week. Hong Kong will have a half day tomorrow and be Note: This table reports summary statistics of daily stock returns from day −4 to day + 4, with the Chinese Lunar New Year holiday being the event day. As an illustration, (−3) represents the third trading day before the holiday, while ( + 1) represents the first trading day after the holiday. View 2025 Taiwan Stock Exchange (TWSE) Market Holidays, Trading Hours, Contact Information and more. TWSE is open M-F, 9:00 am - 1:25 pm (CST). Chinese New Year This paper investigated the existence of pre-Chinese New Year (CNY) and post-CNY holiday effect in the Hong Kong stock market for the period covering January 1988 to July 2012. Chinese New Year festival -when China's stock market is closed for a week -may also affect Asian markets' stock pricing (Wu, 2013; Yuan & Gupta, 2014). Wu (2013) evidenced higher return prior to A more recent study by Cao, Harris, and Wang (2007) tested four holidays separately, including the Chinese Lunar New Year, Labour Day, National Day, and New Year's Day in Chinese stock markets over the period of 1994–2006. Their results from the OLS regression show a statistically and economically significant Chinese Lunar New Year effect Chinese stocks may be poised to climb again, even after gains from an immense rally in September faded. Recent Chinese policy announcements suggest the government is determined to support the stock market at the same time that the outlook for earnings growth is moderately improving, according to Goldman Sachs Research. A Tuesday Bloomberg report said Chinese authorities are considering intervening more directly by mobilizing some 2 trillion yuan ($282 billion) as part of a stock market stabilization fund, mainly For 2020, the eve Chinese New Year had fallen upon Friday, January 24. Below outline the dates for the various market closures in relation to Chinese New Year. Do note that China and Taiwan markets closures extend beyond the key dates below for Chinese New Year. The Hang Seng and Hang Seng Tech indexes gained +0.14% and +0.77%, respectively, on volume down -64.93% from yesterday, which is 38% of the 1-year average. 172 stocks advanced, while 306 declined. The Chinese New Year impact on shipping in 2025 will be more severe than in previous years, causing extensive delays and higher costs for businesses worldwide. With factory closures across China, production halts for weeks, leading to significant export backlogs and inventory shortages.
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