China’s markets will be closed for seven days starting October 1st as the country celebrates its National Day. Known as “Golden Week,” the official holiday runs from October 1st to October 7th, with many Chinese citizens traveling across the country.
According to the Shanghai Stock Exchange (SSE) calendar, the market will be closed from October 1 (Tuesday) to October 7 (Monday), with additional non-trading days on September 29 (Sunday) and October 12 (Saturday).
Market Surge Before the Holiday
China’s CSI 300 index experienced a nearly 4% rise on September 27, marking its best week since 2008. This increase lifted shares across Asian markets, with the index surging 15% for the week. The rally is attributed to China’s recent fiscal policy boost, including measures to support the housing sector.
Impact on Global Markets
The surge in Chinese equities has positively affected other Asian markets as well. Japan’s Nikkei 225 rose by over 2% at 11:30 am on Friday, driven by the momentum from China’s stimulus. Analysts suggest the sharp gains in Chinese stocks are fueled by a rush of investor flows following significant policy interventions by the Chinese Communist Party (CCP), actions not seen in several years.
