Market Chatter: HKEX Eyes Trading Hour Extension, Scrapping of One-Hour Break

MT Newswires Live07-20

Hong Kong Exchanges and Clearing (HKG:0388) is eyeing an extension of stock trading hours, alongside cancelling its one-hour lunch break, Bloomberg reported citing people familiar with the matter.

The move comes in order to conform to international market standards, according to the report.

The exchange has shared its plans with major brokers and trading companies recently, the people said.

Possible changes include beginning trading at 9 a.m., 30 minutes earlier than the current starting time, and scrapping the hour-long lunch break.

A session after hours is also under consideration for major stocks to align with early US trading, Bloomberg said citing the people. The evening session, if it materializes, is expected to run from 8 p.m. to midnight.

HKEX did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment