Is the Stock Market Open on Christmas Day 2026? SIX Swiss Hours
December 25
Is the Stock Market Open on Christmas Day 2026? SIX Swiss Hours
SIX Swiss Exchange are closed on Friday, for Christmas Day.
- Next holiday
- New Year's Eve, December 31, 2026
- Regular hours
- 9:00 am to 5:30 pm CET/CEST
Full schedule and background: SIX Swiss Holidays.
Updated
The SIX Swiss Exchange is closed on Friday, December 25, 2026 for Christmas Day. No equities, bonds or derivatives trade on the Swiss market that day, and any orders entered will queue for the next trading session. This holiday closure is part of the standard annual calendar published by SIX. For the full list of dates, see the SIX Swiss Holidays hub page.
Because December 25 falls on a Friday in 2026, the exchange has a genuine long weekend, with normal trading resuming on the next business day. Investors holding Swiss-listed shares, exchange-traded funds or structured products should expect no price updates, no order execution and no settlement activity from SIX on this date.
Which markets are closed on Christmas Day 2026?
| Market | Status | Notes |
|---|---|---|
| SIX Swiss Exchange (equities) | Closed | Full-day closure for Christmas Day |
| SIX Swiss Exchange (bonds) | Closed | Bond trading follows the same exchange calendar |
| SIX structured products and derivatives | Closed | No new listings or trading executed |
| New York Stock Exchange and Nasdaq | Closed | US markets also observe Christmas Day |
| London Stock Exchange | Closed | UK market holiday for Christmas Day |
| Euronext | Closed | Pan-European exchange group closed for Christmas |
| Tokyo Stock Exchange | Open (regular hours) | Japan does not observe Christmas as a market holiday |
Most major European exchanges close in step with SIX on December 25, reflecting the shared cultural observance of Christmas across the region. Asian markets such as Tokyo generally continue trading as normal, since Christmas is not a public holiday there.
Is the market open the day before and after?
Thursday, December 24, 2026, Christmas Eve, is a separate trading day covered on its own page: SIX Swiss Christmas Eve 2026. Trading on the SIX Swiss Exchange resumes with regular hours, 9:00 am to 5:30 pm CET/CEST, on the next business day after December 25, unless that day is itself affected by the weekend or another holiday. Investors should check the exchange calendar directly for the exact reopening date, since December 26 in some years falls on a weekend or is itself a public holiday in parts of Switzerland.
There is no scheduled early close attached to Christmas Day itself; the exchange is either fully open under regular hours or fully closed, with no partial trading session recorded for this holiday.
Why do markets close for Christmas Day?
Christmas Day is one of the oldest and most widely observed public holidays across Europe, reflecting the Christian tradition and a long-standing custom of allowing bank and market staff, along with the wider public, to take the day off with family. Swiss financial institutions, like most of their European counterparts, coordinate their market calendars around this shared holiday to avoid thin trading and reduced staffing.
Because settlement, clearing and custody functions rely on bank staff being available, exchanges close entirely rather than run with skeleton crews. This approach mirrors the practice at other major European venues, including London and the Euronext markets, which also close for Christmas Day.
What It Means for Your Money
If you place an order for a Swiss-listed stock or fund on December 25, it will simply wait in the queue and be processed when the exchange reopens; nothing is lost, but execution is delayed. Settlement, the point at which shares and cash actually change hands, typically follows a T+1 or T+2 cycle depending on the instrument, so a closed trading day pushes back the final settlement date accordingly.
Dividend payments and options expiry dates that would normally fall on December 25 are usually shifted to the next business day by the relevant calculation agents, so check the specific terms of any holding you own. Bank transfers between Swiss accounts may also be delayed, since many banks reduce staffing or close entirely for the holiday, similar to bank holidays in the UK and US. Cryptocurrency markets are unaffected by any of this, since they trade continuously, 24 hours a day, seven days a week, regardless of traditional exchange holidays.
For pension savers and long-term investors, a single closed trading day rarely has a lasting effect on portfolio value; it mainly affects the timing of trade execution and cash movements rather than the underlying value of investments held.
Remaining SIX Swiss holidays in 2026
- New Year’s Eve, December 31, 2026 (closed)
After Christmas Day, New Year’s Eve on December 31, 2026 is the final closure on the SIX calendar for the year, rounding off a holiday schedule that closely tracks the Swiss public holiday calendar and aligns broadly with other major European exchanges.
Frequently Asked Questions
Is the stock market open on Christmas Day 2026 in Switzerland?
No, the SIX Swiss Exchange is fully closed on Friday, December 25, 2026 for Christmas Day.
Is the bond market open on Christmas Day 2026?
No, Swiss bond trading on SIX follows the same exchange calendar and is closed on December 25, 2026.
What time does the Swiss market close on Christmas Eve?
Details of any early close on December 24, 2026 are covered on the dedicated SIX Swiss Christmas Eve 2026 page.
When is the next SIX Swiss market holiday after Christmas?
The next scheduled closure is New Year’s Eve, December 31, 2026.
Are Swiss banks open on Christmas Day?
Most Swiss banks are closed or operate with reduced services on December 25, 2026, in line with the national public holiday.