Chinese New Year, also known as Spring Festival or Lunar New Year, is the most important traditional holiday in China and is celebrated at the turn of the Chinese calendar, typically in late January or early February.
The holiday is characterized by family gatherings, festive meals, and cultural events and is typically a time of increased spending, which can drive up consumer stocks.
The stock markets that are most directly impacted by the Chinese New Year are those in Asia, including the Shanghai Stock Exchange and the Hong Kong Stock Exchange.