Analysts Suggest Nasdaq's Near 24-Hour US Stock Trading May Strain Asian Market Ties
Analysts suggest that Nasdaq's planned expansion to trade US stocks nearly continuously could lead to closer ties with Asian markets and increased investor competition.
According to the South China Morning Post, analysts indicate that Nasdaq's intention to facilitate near round-the-clock trading of US stocks might result in a strengthening of connections with Asian markets and heightened competition among investors. This expansion is scheduled to commence on December 6, establishing an overnight trading period spanning from 9pm to 4am Eastern Time. When this occurs during US winter time, the hours align with 10am to 5pm in both Hong Kong and Beijing, which directly overlaps with the standard trading hours observed throughout China.