Lunar New 12 months (LNY) 2026 brings skinny liquidity and China-offshore value discovery, with journey/consumption the important thing narrative.
Abstract:
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Lunar New 12 months 2026 (12 months of the Horse) falls on Tuesday 17 Feb.
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Mainland China markets are scheduled to be closed Feb 16–23, reopening Tue Feb 24.
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Hong Kong has half-day buying and selling on Mon Feb 16, is closed Feb 17–19, and reopens Fri Feb 20.
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Singapore (SGX) has half-day buying and selling on Mon Feb 16 and is closed Feb 17–18.
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China is operating an prolonged nine-day Spring Pageant vacation (Feb 15–23) with officers anticipating a file journey surge, supportive for consumption narratives, however liquidity shall be skinny.
Lunar New 12 months 2026 lands on Tuesday 17 February and, as traditional, it is going to reshape buying and selling circumstances throughout mainland China, Hong Kong and Singapore, with liquidity results usually as vital because the headlines.
Onshore, China’s fairness market enters its largest scheduled buying and selling interruption of the 12 months.
- The Shenzhen Inventory Alternate calendar exhibits the market closed from Monday 16 February via Monday 23 February, resuming Tuesday 24 February.
- The Shanghai Inventory Alternate (SSE) shall be closed for the 2026 Lunar New 12 months (Spring Pageant) from Monday, February 16, 2026, to Monday 23 Feb 2026 (inclusive)
Reopens: Tuesday 24 Feb 2026
With A-shares shut, value discovery shifts offshore (CNH, H-shares, ADRs, commodities proxies), whereas onshore macro/credit score headlines can “bottle up” and reprice shortly when home buying and selling resumes.
This 12 months the macro overlay is the prolonged nine-day public vacation (Feb 15–23) and a coverage push to encourage spending and journey, with officers projecting a file journey rush. That tends to help short-term themes in client, journey, catering, duty-free and tourism names, whereas additionally lifting scrutiny on high-frequency indicators (mobility, home flight bookings, lodge occupancy, field workplace, and retail receipts) as a real-time learn on confidence.
Hong Kong turns into the important thing regional venue for China beta in the course of the A-share closure. HKEX lists half-day buying and selling on Monday 16 February (Lunar New 12 months’s Eve) and full market holidays Tuesday 17 via Thursday 19 February, with regular commerce resuming Friday 20 February. Count on thinner depth, wider spreads and the next sensitivity to CN headlines.
Singapore additionally sees disrupted liquidity. SGX notes half-day buying and selling on 16 February, with the market closed 17–18 February. Regionally, the sensible market affect is a brief window the place positioning will get lighter, volatility will be jumpy on small flows, and “reopen gaps” develop into a characteristic, particularly if FX or commodities transfer sharply whereas China is closed.
