gh-138192: Fix Context initialization so that all subinterpreters are assigned the MISSING value.

Lib/test/test_interpreters/test_api.py

@@ -2204,6 +2204,16 @@ def test_whence(self):
             whence = eval(text)
             self.assertEqual(whence, _interpreters.WHENCE_LEGACY_CAPI)
 
+    def test_contextvars_missing(self):
+        script = f"""
+            import contextvars
+            print(getattr(contextvars.Token, "MISSING", "'doesn't exist'"))
+            """
+
+        orig = _interpreters.create()
+        text = self.run_and_capture(orig, script)
+        self.assertEqual(text.strip(), "<Token.MISSING>")
+
     def test_is_running(self):
         def check(interpid, expected):
             with self.assertRaisesRegex(InterpreterError, 'unrecognized'):

Misc/NEWS.d/next/Core_and_Builtins/2025-09-05-01-19-04.gh-issue-138192.erluq5.rst

@@ -0,0 +1,2 @@
+Fix :mod:`contextvars` initialization so that all subinterpreters are assigned the
+:attr:`~contextvars.Token.MISSING` value.

Python/context.c

@@ -1360,11 +1360,8 @@ get_token_missing(void)
 PyStatus
 _PyContext_Init(PyInterpreterState *interp)
 {
-    if (!_Py_IsMainInterpreter(interp)) {
-        return _PyStatus_OK();
-    }
-
     PyObject *missing = get_token_missing();
+    assert(PyUnstable_IsImmortal(missing));
     if (PyDict_SetItemString(
         _PyType_GetDict(&PyContextToken_Type), "MISSING", missing))
     {