TOKYO, Nov 05 (News On Japan) –
The Tokyo Stock Exchange (TSE) will prolong its buying and selling hours by half-hour beginning on November fifth. This marks the primary extension of buying and selling hours in 70 years, with the final change occurring in 1954.
Previously, buying and selling on the Tokyo Stock Exchange ended at 3 p.m., however from November fifth, the closing time might be pushed again to three:30 p.m. The extension goals to extend the buying and selling quantity of Japanese shares by attracting extra participation from abroad buyers.
Alongside the extension, the TSE will introduce a brand new system referred to as a “closing auction” through the closing 5 minutes earlier than the shut. During this era, orders will be positioned, however no trades might be executed, and stock costs will stay unchanged.
This new mechanism, much like methods in markets comparable to London and Hong Kong, is predicted to boost the transparency of trades main as much as the ultimate value of the day.
With the prolonged buying and selling hours and the introduction of this new system, the Tokyo Stock Exchange seeks to encourage broader participation and additional energize the market.
Source: TBS