HKEX pushes ahead on extended trading hours discussions as it prepares paper: sources
Hong Kong Exchanges and Clearing (HKEX) will push ahead with talks on extending stock market trading hours by releasing a discussion paper, even as it faces brokers’ concerns over a longer trading time and cancellation of the trading lunch break, according to two sources with knowledge of the matter. The paper may well pave the way for the first change to the city’s market opening time in 14…
Hong Kong Exchanges and Clearing (HKEX) is moving forward with discussions to extend stock market trading hours, despite feedback from brokers about the potential drawbacks. The exchange plans to release a discussion paper outlining the advantages and disadvantages of longer trading hours, allowing stakeholders to voice their opinions.
This is the first change to the city's opening time in 14 years. Currently, HKEX operates from 9:30 am to 4 pm on weekdays, with a one-hour lunch break. While an extension could mean the market opens earlier or closes later, the exchange is not considering eliminating the lunch break. The move follows announcements from Nasdaq and the London Stock Exchange about expanding their trading hours.
With other global markets also looking to adjust their schedules, there is pressure on Hong Kong to review its trading hours. However, officials stress the need for careful consideration of the impact and feasibility of such changes, particularly for the city's numerous brokerage firms. HKEX aims to enhance Hong Kong's standing as an international financial hub by regularly reviewing opportunities to improve market accessibility to meet changing investor demands.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
