China’s Week-Long Holiday Brings Revelry, and Stock Gains: ChartBy
Investors enjoying the patriotic fanfare of China’s week-long National Day break have equity gains to look forward to when markets resume, if history is any guide. Over the past 10 years, the Shanghai Composite Index has rallied an average 2.5 percent in the five sessions following the holiday, which is often referred to as National Day Golden Week. The only times that A shares have retreated following the break were in 2014, when the International Monetary Fund cut its world growth outlook just before Chinese markets returned, and in 2008, with Lehman Brothers Holdings Inc. collapsing a few weeks before.
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