The Trader 

China markets’ reaction to enforced holidays

The Trader

The day after the new moon of Friday 24 January was the start of the Chinese Lunar New Year holiday (the year of the white metal rat, in case you’re interested, although the zodiac sign only kicked in on 4 February). This most important of holidays is responsible for the biggest annual migration of people anywhere, as workers in cities go home to their villages and towns in the countryside to catch up with their families. How long they’re off is something of a moveable feast, many taking up to 10 consecutive days.

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