Now Reading: Asian markets to close for holidays from September 28 to October 2
-
01
Asian markets to close for holidays from September 28 to October 2
Asian markets to close for holidays from September 28 to October 2
Several major Asian stock exchanges, including those in Taiwan, China, Hong Kong and India, will be closed on different days next week due to national and regional holidays, potentially leading to thinner…
Several major Asian stock exchanges, including those in Taiwan, China, Hong Kong and India, will be closed on different days next week due to national and regional holidays, potentially leading to thinner trading activity. The Taiwan Stock Exchange will be shut on September 28 for Teacher's Day, while the Shanghai and Shenzhen exchanges will close on October 1 and October 2 for National Day. The Shanghai Stock Exchange has confirmed its markets will remain closed from October 1 through October 7, reopening on October 8.
The Hong Kong Stock Exchange will close on October 1 for National Day, and India's NSE and BSE will be shut on October 2 for Mahatma Gandhi Jayanti. Indian equities ended higher on Friday, with the Nifty 50 closing at 23,140.50 and the BSE Sensex at 73,895.74, though investors remained cautious amid elevated crude oil prices, US Treasury yields above 5%, and continued foreign selling.
Indian Opinion Analysis
The clustering of holidays across Asia means Indian investors tracking global cues will face a week of fragmented data, particularly on October 1 when both mainland Chinese and Hong Kong markets are shut simultaneously. The Shanghai exchange's seven-day closure is the longest, and its reopening on October 8 often brings a catch-up move that can influence emerging market sentiment. For domestic traders, the October 2 holiday extends the weekend, so the next full trading day for Indian equities will be Monday, October 5, by which time US jobs data and oil price movements may have shifted the backdrop. The NSE and BSE publish their annual holiday calendars in advance, the next scheduled closure after this is for Diwali in November.
The RBI's next monetary policy meeting is set for early October, and the market will watch for any rate signal amid the holiday-thinned trading.
Source: livemint.com
This brief was synthesised by AI from the source linked above.
