中文版

股市为什么节假日不交易？

股市在节假日不交易，主要基于以下几个原因：

首先，节假日是人们休息和放松的时间，大多数投资者和交易员也会选择这段时间休息，因此股市的交易量会大幅下降。为了维护市场的公平性和透明度，避免因为交易量过低导致市场价格波动过大，股市在节假日选择暂停交易。

其次，节假日期间往往伴随着一些重要的经济数据和政策发布，这些信息可能对股市产生重大影响。为了让市场有充分的时间消化这些信息，避免信息不对称导致的市场波动，股市也会选择在节假日暂停交易。

此外，节假日期间，银行的结算系统和支付系统可能会受到影响，这可能会影响到股市的资金结算和交易清算。为了避免因此产生的交易风险，股市也会选择在节假日暂停交易。

综上所述，股市在节假日不交易，主要是为了维护市场的公平性和透明度，避免信息不对称和交易风险，同时也是为了让投资者和交易员有充分的时间休息和准备。

英文版

Why Stock Markets Are Closed on Holidays?

Stock markets close on holidays primarily for the following reasons:

Firstly, holidays are a time for people to rest and relax, and most investors and traders also choose to take a break during these periods. Consequently, the trading volume in the stock market significantly decreases. To maintain market fairness and transparency, and avoid excessive price fluctuations due to low trading volume, stock markets choose to suspend trading on holidays.

Secondly, holidays often coincide with the release of important economic data and policies, which can have a significant impact on the stock market. To allow the market sufficient time to digest these information and avoid market fluctuations caused by asymmetric information, stock markets also choose to suspend trading during holidays.

In addition, during holidays, banking settlement and payment systems may be affected, which can impact the fund settlement and trade clearing in the stock market. To avoid the trading risks arising from this, stock markets also opt to suspend trading on holidays.

In summary, stock markets close on holidays primarily to safeguard market fairness and transparency, prevent asymmetric information and trading risks, and allow investors and traders sufficient time to rest and prepare.