(updated with details)
TOKYO, April 21 (Reuters) – The Tokyo Stock Exchange announced on Friday that it will extend the trading session by half an hour from November 5, 2024, in a bid to attract investors and increase trading. trading volumes.
To cope with competition from the world’s major stock exchanges, the Tokyo Stock Exchange (TSE) plans to close at 06:30 GMT, against 06:00 GMT currently, maintaining the opening at 00:00 GMT.
Despite the extension of trading hours, the session will remain shorter than that of Wall Street, which lasts six and a half hours, because the Tokyo Stock Exchange will maintain a one-hour break at midday.
“I’m not sure exactly what impact the 30-minute extension will have on trading volumes,” said an equity fund manager at a brokerage firm.
A session in Tokyo has lasted five hours since 1954. (Satoshi Sugiyama and Junko Fujita report; Blandine Hénault and Laetitia Volga for the French version, edited by Blandine Hénault)
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