Hong Kong Exchanges & Clearing Ltd., operator of Asia’s third-biggest stock market, said it will extend its trading hours from March 7, 2011.
Effective Mar. 7, 2011, Hong Kong Exchange will implement new trading hours as follows:
Current Effective Mar. 7, 2011
Pre-opening Session 09:30 to 10:00am 09:00 to 09:30am
Morning Session 10:00 to 12:30pm 09:30 to 12:00pm
Afternoon Session 02:30 to 04:00pm 01:30 to 04:00pm
Trading hours will be further extended, with the lunch break being cut further to one hour from 1.5 hours from March 5, 2012, markets will reopen after the lunch break at 1 p.m instead of 1:30p.m.
Thursday, December 9, 2010
Tuesday, September 21, 2010
Mid-Autumn Festival Holiday in Asia
In Chinese, it is known as Zhong-Qiu-Jie (中秋節), is a popular harvest festival celebrated in China, Taiwan, Hong Kong and South Korea.
In South Korea, it is known as Harvest Moon Festival.
In Malaysia, Singapore, it is also sometimes referred to as the Lantern Festival or Mooncake Festival but is not a public holiday there.
This Festival is held on the 15th day of the eighth month in the 'Chinese' calendar, This night the moon is supposedly at its fullest and roundest. The traditional food of this festival is the mooncakes, of which there are many different varieties.
Traditionally on this day, Chinese family members and friends will gather to admire the bright mid-autumn full moon, and eat 'moon' cakes and pomelos fruit under the full moon together.
Asia countries celebrating Mid-Autumn Festival Holiday are shown below.
* Note:
Click on 'Country ' as shown above for other holidays' schedules.
In South Korea, it is known as Harvest Moon Festival.
In Malaysia, Singapore, it is also sometimes referred to as the Lantern Festival or Mooncake Festival but is not a public holiday there.
This Festival is held on the 15th day of the eighth month in the 'Chinese' calendar, This night the moon is supposedly at its fullest and roundest. The traditional food of this festival is the mooncakes, of which there are many different varieties.
Traditionally on this day, Chinese family members and friends will gather to admire the bright mid-autumn full moon, and eat 'moon' cakes and pomelos fruit under the full moon together.
Asia countries celebrating Mid-Autumn Festival Holiday are shown below.
| Stock Exchange | Mid-Autumn Festival |
| China | Sept. 22 - 24, 2010 (Wed. to Fri.) |
| Hong kong | Sept. 23, 2010 (Thurs.) |
| Japan | Sept. 23, 2010 (Thurs.) |
| South Korea | Sept. 21 -23, 2010 (Tues. to Thurs.) |
| Taiwan | Sept. 22, 2010 (Wed.) |
* Note:
Click on 'Country ' as shown above for other holidays' schedules.
Wednesday, September 8, 2010
Trading hours on eve of Hari Raya Aidilfitri / Puasa's (Eid-ul-Fitri) Holiday
| Stock Exchange | Closing Hour (at local time) |
| India | Open as per normal on new year eve (Sept.9) but will be closed all day on Sept.10, 2010 (Friday) |
| Indonesia | will be closed all day on new year eve (Sept. 9 to Sept.14), market will be reopened on Sept.15 (Wednesday) |
| Malaysia | will be closed on new year eve (Sept.9) at 12.30pm and all day on Sept.10, 2010 (Friday) |
| Philippines | Open as per normal on new year eve (Sept.9) but will be closed all day on Sept.10, 2010 (Friday) |
| Singapore | Open as per normal on new year eve (Sept.9) but will be closed all day on Sept.10, 2010 (Friday) |
* Note:
Click on 'Country ' as shown above for other holidays' schedules.
Wednesday, August 11, 2010
Hong Kong Bourse May Extend Trading Hours to Align With China
Aug. 12 (Bloomberg) --Hong Kong Excghanges & Clearing Ltd., operator of Asia’s third-biggest stock market, is considering extending its trading hours to align with mainland China’s markets, said Chief Executive Officer Charles Li.
The stock exchange is proposing that the city’s trading day begin at 9:30 a.m. with a one-hour break at noon and market close at 4 p.m., Li told reporters in Hong Kong yesterday after the bourse announced a 3 percent increase in first-half profit. The market currently opens at 10 a.m. and has a two-hour break from 12:30 p.m. before closing at 4 p.m.
Changing Hong Kong’s trading hours to be more in line with those of mainland exchanges would be a further step to integrating China’s securities markets and its currency with the rest of the world.
Source: Bloomberg
The stock exchange is proposing that the city’s trading day begin at 9:30 a.m. with a one-hour break at noon and market close at 4 p.m., Li told reporters in Hong Kong yesterday after the bourse announced a 3 percent increase in first-half profit. The market currently opens at 10 a.m. and has a two-hour break from 12:30 p.m. before closing at 4 p.m.
Changing Hong Kong’s trading hours to be more in line with those of mainland exchanges would be a further step to integrating China’s securities markets and its currency with the rest of the world.
Source: Bloomberg
Tuesday, February 2, 2010
Trading hours on Chinese (Lunar) New Year Eve
| Stock Exchange | Closing Hour (at local time) |
| China | Will be closed * |
| Hong Kong | Will be closed * |
| Indonesia | Will be closed at 12:30pm* |
| Malaysia | Will be closed at 12:30pm* |
| Singapore | Will be closed at 12:30pm* |
| South Korea | Will be closed at 12:30pm* |
| Taiwan | Will be closed * |
| Vietnam | Will be closed * |
* Note:
Since Chinese(Lunar) New Year is not an official holiday in some asians' countries like Australia, India, Japan, New Zealand, Philippines and Thailand. Therefore, trading hours will be traded as usual on Chinese(Lunar) New Year's Eve for these countries unless this day falls on weekend.
Click on 'Country ' as shown above for 'Chinese New Year' holiday's schedule.
Monday, January 11, 2010
World economy getting back to normal
BASEL, Switzerland (AFP) - – Emerging economies are driving a global economic recovery, the head of the ECB said Monday after central bankers concluded that the world economy was returning to normality.
"At a global level ... there is a confirmation of the progressive normalisation of the economy," European Central Bank (ECB) president Jean-Claude Trichet said on behalf of the central bank chiefs.
During their first quarterly meeting of the year at the Bank for International Settlements (BIS), the central bankers confirmed that a global economic recovery was under way.
"We are in the recovery mode, that is something that is very much due to the emerging economies," Trichet said.
Those economies had "demonstrated resilience," and were "very, very clearly in a more dynamic mode now," the ECB chief told reporters.
"At a global level ... there is a confirmation of the progressive normalisation of the economy," European Central Bank (ECB) president Jean-Claude Trichet said on behalf of the central bank chiefs.
During their first quarterly meeting of the year at the Bank for International Settlements (BIS), the central bankers confirmed that a global economic recovery was under way.
"We are in the recovery mode, that is something that is very much due to the emerging economies," Trichet said.
Those economies had "demonstrated resilience," and were "very, very clearly in a more dynamic mode now," the ECB chief told reporters.
Sunday, January 3, 2010
China Securities to Start Greater China Stock Index
Jan. 4 (Bloomberg) -- China Securities Index Co. will start an index tracking Hong Kong, China and Taiwan stocks this month.
The Shanghai-based company will introduce the CSI Cross- Straits 500 Index on Jan. 18, according to a statement on its Web site. The measure will include companies on the CSI 300 Index, CSI Hong Kong 100 Index and 100 stocks from Taiwan, according to the statement.
“It’s useful as an observation benchmark but I don’t think it’ll be widely used at the beginning,” Phillip Chan, Hong Kong-based research director at Shenyin Wanguo HK Ltd., said by phone. “There is obviously a problem in trading the index given the heavy restrictions on both overseas and China investors.”
China limits overseas investments in its local-currency stocks to $30 billion under a so-called qualified foreign institutional investor program. Chinese investors can only buy overseas stocks through funds sold by approved domestic financial institutions.
China Securities Index, a joint venture between the Shanghai and Shenzhen stock exchanges, introduced the CSI Hong Kong Index in May 2008 to track shares listed on the city’s bourse.
Source: Bloomberg
The Shanghai-based company will introduce the CSI Cross- Straits 500 Index on Jan. 18, according to a statement on its Web site. The measure will include companies on the CSI 300 Index, CSI Hong Kong 100 Index and 100 stocks from Taiwan, according to the statement.
“It’s useful as an observation benchmark but I don’t think it’ll be widely used at the beginning,” Phillip Chan, Hong Kong-based research director at Shenyin Wanguo HK Ltd., said by phone. “There is obviously a problem in trading the index given the heavy restrictions on both overseas and China investors.”
China limits overseas investments in its local-currency stocks to $30 billion under a so-called qualified foreign institutional investor program. Chinese investors can only buy overseas stocks through funds sold by approved domestic financial institutions.
China Securities Index, a joint venture between the Shanghai and Shenzhen stock exchanges, introduced the CSI Hong Kong Index in May 2008 to track shares listed on the city’s bourse.
Source: Bloomberg
Tokyo Exchange Upgrades Trading System
Jan. 4 (Bloomberg) -- The Tokyo Stock Exchange introduced a faster trading system today, amid growing competition from dark pools and four years after a series of execution failures.
TSE’s new Arrowhead system slashes to five milliseconds the time needed to process orders, from two to three seconds previously. It will also enable the exchange to adapt quickly to smaller order volumes or sudden increases in the number of transactions, the bourse said on its Web site.
Proprietary trading systems, including so-called dark pools such as Liquidnet Inc., have been attracting asset managers with faster transactions and smaller price ticks. Liquidnet said it has almost doubled its Japanese clients to 111 institutional investors since it started local operations in June 2008.
Dark pools, which can make large anonymous trades, processed 1.2 percent of the nation’s stock transactions in 2008, according to market researcher Tabb Group LLC.
The upgrade may help restore the reputation of an exchange which last month was ordered to pay 10.7 billion yen ($115 million) in damages to Mizuho Securities Co. over its failure in December 2005 to cancel a faulty sell order. Six weeks earlier, system problems had shut down trading for more than four hours, while further glitches emerged during the following half year.
Related articles
TSE’s new Arrowhead system slashes to five milliseconds the time needed to process orders, from two to three seconds previously. It will also enable the exchange to adapt quickly to smaller order volumes or sudden increases in the number of transactions, the bourse said on its Web site.
Proprietary trading systems, including so-called dark pools such as Liquidnet Inc., have been attracting asset managers with faster transactions and smaller price ticks. Liquidnet said it has almost doubled its Japanese clients to 111 institutional investors since it started local operations in June 2008.
Dark pools, which can make large anonymous trades, processed 1.2 percent of the nation’s stock transactions in 2008, according to market researcher Tabb Group LLC.
The upgrade may help restore the reputation of an exchange which last month was ordered to pay 10.7 billion yen ($115 million) in damages to Mizuho Securities Co. over its failure in December 2005 to cancel a faulty sell order. Six weeks earlier, system problems had shut down trading for more than four hours, while further glitches emerged during the following half year.
Related articles
- Tokyo bourse to launch high-speed trading system (seattletimes.nwsource.com)
- Tokyo Exchange Upgrades Trading System 4 Years After Shutdowns (businessweek.com)
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