Agoda reveals the top 10 most sought-after destinations to celebrate Lunar New Year 2025. From Tokyo’s grand festivities to Phuket’s tropical charm, explore the best spots in Asia!
In Dharamshala, India, exiled Tibetan monks also took part in ceremonies to mark their new year.
Chinese New Year marks a time for reflection, reunion and looking ahead to the upcoming 12 months with many people travelling long distances to be with their families.
In top consumer China, premiums of $36-$48 per ounce were quoted over benchmark prices ahead of the week-long Lunar New Year holidays.
Nine people killed in mass shooting in city east of Los Angeles that was celebrating Lunar New Year, police say.
Traffic officials said in a news briefing on Friday that daily passenger flights scheduled during the 40 days holiday transportation season, starting Saturday, is averaging about 11,000, about 73% of the pre-COVID-19 level in 2019.
It's the Lunar New Year -- a holiday that's celebrated by almost two billion people across the world, also known as Chinese New Year and Spring Festival. Mainly observed in multiple countries in east Asia, the holiday is filled with rich culture and tradition that centers around the hope for good fortune and prosperity.
Tigers and their stripes are everywhere - on bags, parkas, sneakers, tees, jackets, dresses, scarves.
Many local governments have already advised residents not to leave town unnecessarily trips during the holiday. China has also cancelled scores of inbound international flights in recent weeks due to passenger infections.
The world celebrates the Year of the Ox amid resurgent coronavirus concerns and fears over new variants.
Millions of residents in Hebei province surrounding Beijing, the northeastern Jilin province and Heilongjiang have been put into lockdown in recent weeks amid what is the worst wave of new infections since March 2020.
Apple had announced the shuttering of its branded stores in early February.
"Prices are just moving higher and higher. Buyers are waiting for a correction in prices and the annual budget as there is speculation of a duty cut," said a Mumbai-based dealer with a bullion importing bank.
The People's Bank of China usually provides short-term liquidity support for banks to help deal with greater demand for cash ahead at that time of year.
The PBOC set the yuan at 6.5118 per dollar prior to the market open on Monday, up from 6.5314 on February 5, the final fix before the week-long Lunar New Year holiday.
Asian exports to the United States have risen this year, but Neumann says such growth now is more driven by investment in software development and shale-oil drilling than by activity that pulls in imports.
"2014 has been another year with an unexciting headline return," with the MSCI Asia Pacific ex-Japan index (MXAPJ) up only around 3 percent after a selloff in September wiped out earlier gains, Goldman said in a report Monday
A cut would be triggered if growth slips below 7.5 percent and towards 7.0 percent.
China's annual inflation jumped to a 10-month high in February as holiday spending for the Lunar New Year drove food prices sharply higher, data from the National Bureau of Statistics (NBS) showed on Saturday.
Buying picked up from some Asian countries after gold retreated below USD 1,600 an ounce, and India's demand is expected to improve in April at the start of a new fiscal year, after the government held off from further curbs on gold inflows,
China's economic rebound should show signs of strengthening on Friday when the first hard economic data of the year are released, although distortions caused by the Lunar New Year holiday will make it difficult to gauge momentum
Physical gold purchases lost steam this week as stockpiling in China and other Asian markets ahead of the Lunar New Year drew to a close and Indian buyers remained on the sidelines of the market, with ample inventory in hand.
Trying to track China's economic course during the Lunar New Year can leave analysts howling at the moon. January auto sales tumbled, yet oil imports were the third highest on record. A measure of factory activity picked up, but trade data was weak.
Ritesh Gandhi, senior research analyst of commodity and currency at Anand Rathi Commodities believes that the rally in copper could extend to Rs 420-425 per kg.
China's imports of many major commodities all but dried up in February as a national holiday, abundant stockpiles and rising prices combined to discourage shipments, data from China's Customs office showed on Monday.