The Hong Kong Stock Exchange plans to extend trading hours next year, a move backed by some brokerage firms, reports ChannelNews Asia.
According to ChannelNews Asia, Hong Kong's market currently trades for just four hours daily from 10am to 4pm, with a two hour lunch break at 12:30pm.
In March next year, trading will start 30 minutes earlier at 9:30am in the morning, the same time the Shanghai market opens and lunch-time will be shortened by half an hour.
Then, one year after that, the lunch break will be reducted to just one hour, taking the total trading time to 5.5 hours, says ChannelNews Asia.
Kenny Tang, Executive Director of Redford Asset Management, thinks the change will benefit the Hong Kong market.
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