Thursday, December 9, 2010

Hong Kong Stock Exchange Will Extend Trading Hours Starting in March 7, 2011

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.

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.

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.)
TaiwanSept. 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

Trading Hours
on
Muslim's New Year Eve

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