Shanghai, Feb 21, 2026, 13:58 CST — Market closed.
- Shanghai and Shenzhen A-share markets are shut for the Spring Festival break and reopen on Feb. 24
- The Shanghai Composite last closed down 1.26% at 4,082.07 before the holiday
- Investors return to a market shaped by U.S. tariff headlines and a fresh round of AI earnings
Mainland China’s A-share market stays closed through Monday for the Spring Festival break, with trading on the Shanghai Stock Exchange set to resume on Tuesday. (Com)
That reopening drops local investors back into a global tape that moved without them. U.S. stocks ended higher on Friday after the Supreme Court struck down President Donald Trump’s sweeping tariffs under emergency powers, and Trump said he would pursue a temporary 10% tariff under another statute. (Reuters)
The other big cue is tech. Reuters flagged Nvidia’s earnings next week as a key test for whether the wave of AI spending is translating into returns, a debate that had already been rattling markets. (Reuters)
The benchmark Shanghai Composite last closed on Feb. 13, ending down 1.26% at 4,082.07 points, while the Shenzhen Component Index fell 1.28% to 14,100.19, Xinhua reported. (Xinhua News)
The CSI 300 index — a blue-chip gauge of the largest Shanghai and Shenzhen listings — finished that session down 1.25% at 4,660.41, according to Investing.com data. (Investing)
Domestic headlines have not gone quiet. Xinhua reported a nationwide campaign running into early March that will distribute more than 360 million yuan ($51.6 million) in consumption vouchers and subsidies tied to cultural and tourism spending. (Xinhua News)
Even outside equities, the break is thinning liquidity. Reuters said on Friday that China, Hong Kong and Singapore were among markets closed for the Lunar New Year holiday, leaving traders to lean more on offshore pricing in currencies and commodities. (Reuters)
For China’s exporters and manufacturers, the U.S. tariff story is not a straight line. “The decision stopped short of clarifying eligibility for tariff refunds, leaving a key source of uncertainty intact,” Eric Merlis, co-head of global markets at Citizens, said. (Reuters)
On the AI side, the bar looks high. “It’s hard for Nvidia to surprise when everyone expects it to surprise,” said Marta Norton, chief investment strategist at Empower; investors will also weigh Trump’s State of the Union speech on Tuesday. (Reuters)
But the first session back can bite. If trade policy snaps back into place under different legal tools, or if AI bellwethers fail to justify spending, the post-holiday catch-up could turn into fast selling rather than a relief bid.
When Shanghai reopens on Feb. 24, traders will watch turnover, early sector leadership and cross-border activity via Stock Connect — the Shanghai-Hong Kong trading link — as services resume after the break. (Com)
