On April 21, 2025, major stock exchanges in Europe, including the Spanish Ibex 35 and Euronext, remained closed in observance of Easter Monday. Similarly, the Hong Kong stock market was closed for the Easter holiday. In contrast, Wall Street resumed trading. In China, the Shanghai Stock Exchange Composite Index closed up nearly 0.5%, while the Shenzhen Component Index and ChiNext Index rose over 1%. The combined turnover on the Shanghai and Shenzhen stock exchanges exceeded 1 trillion yuan. Additionally, China's National Bureau of Statistics reported that the added value of the wholesale and retail industry from January to March reached 3.3 trillion yuan, marking a 5.8% year-on-year increase. The E Fund CSI HK Connect China 100 ETF experienced a limit-up rise for the third consecutive day, reaching a new 20-day high with a trading volume of 182 million yuan. Meanwhile, the Nikkei index in Tokyo fell by more than 1%.