Mainland China Extends Market Closure to Monday

Stock exchanges in mainland China rescheduled their trading dates at the start of the lunar new year.

Belinda Zhou
    Jan 28, 2020 4:15 PM  PT
Mainland China Extends Market Closure to Monday
author: Belinda Zhou   

The stock market exchanges in Shanghai and Shenzhen announced that they will extend the Lunar New Year holiday closure, reopening the markets on Monday; typically the exchanges reopen Friday, the day after the end of the lunar holiday. 

In a statement, the exchanges said that all business originally scheduled for Friday will be implemented on Monday. 

The Hong Kong Stock Exchange, however, is keeping its usual schedule, opening on Wednesday. 

Stock Connect in Hong Kong will be closed this week due to mainland public holidays. It will open next Monday according the Hong Kong and Shenzhen exchanges. Stock Connect allows international and mainland Chinese investors to trade over 2,000 equities in each other's markets through their home exchange.

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(Trading calender of Hong Kong Stock Exchange, Source:HKEX)

Also, the Hong Kong Stock Exchange announced Monday that the opening ceremony of the first trading day of Lunar New Year on Wednesday will be cancelled due to the increased risk of coronavirus infection.