There are several stock markets around the world. The New York Stock Exchange, also known as NYSE, is the largest stock exchange in the world; the NASDAQ (also located in New York City) and Tokyo Stock Exchange aren’t far behind. Stock exchanges are only open for trading during set hours, however. The NYSE and the NASDAQ are open Monday to Friday from 9:30 a.m. to 4 p.m. (Eastern Standard Time), and other stock exchanges have their own operating hours.
Stock Market Hours Around the World
Most stock market exchanges are open five days per week, Monday though Friday. If you wish to trade on any of these stock exchanges, you may need to consider which trading platform is best for you, such as an online brokerage account. Additionally, you’ll need to know when exactly you can buy and sell on each market as not all are open at the same time. Here are the hours of operation for all of the major stock markets and exchanges around the world.
The NYSE and the NASDAQ are the two main American exchanges, headquartered in New York. They are open from 9:30 a.m. to 4 p.m. (Eastern Standard Time). Both markets are closed for nine federal holidays per year, including New Year’s Day, Martin Luther King Jr. Day, Presidents’ Day/Washington’s birthday, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas. Additionally, these markets also have modified hours on three days per year, including the day before Independence Day, the day after Thanksgiving and on Christmas Eve.
The Toronto Stock Exchange, or TMX Group, headquartered in Toronto, is also open from 9:30 a.m. to 4 p.m. (Eastern Standard Time). It is closed for 10 holidays per year, including New Year’s Day, Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day, Thanksgiving, Christmas and Boxing Day. It has modified hours on Christmas Eve.
While the NYSE, NASDAQ and TMX Group exchanges do not close for lunch, many markets in Asia do, such as the Tokyo Stock Exchange, headquartered in Tokyo, which is open from 9 to 11:30 a.m. and 12:30 to 3 p.m. (Japan Standard Time). The Tokyo Stock Exchange is closed for 22 holidays per year, including New Year’s Day, market holidays on January 2 and 3, Coming of Age Day, National Foundation Day, Vernal Equinox, Showa Day, Abdication Day, Accession Day, National Holiday, Constitution Memorial Day, Greenery Day, Children’s Day, Marine Day, Mountain Day, Respect for the Aged Day, Autumnal Equinox, Health and Sports Day, Enthronement Ceremony Day, Culture Day, Labor Thanksgiving Day and a market holiday on December 31.
Both the Shanghai Stock Exchange, headquartered in Shanghai, and Shenzhen Stock Exchange, headquartered in Shenzhen, China, are open from from 9:30 to 11:30 a.m. and 1 to 3 p.m. (China Standard Time). Both are closed for 15 holidays per year, including New Year’s Day, five days for the Spring Festival in February, Ching Ming Festival, Labour Day, Tuen Ng Festival, Mid-Autumn Festival and five days for National Days in October.
The Hong Kong Stock Exchange, headquartered in Hong Kong, is open from 9:30 a.m. to 12 p.m. and 1 to 4 p.m. (Hong Kong Standard Time). It is also closed for 15 holidays per year, including New Year’s Day, three days for the Lunar New Year, Ching Ming Festival, Good Friday, Easter Monday, Labour Day, The Birthday of Buddha, Tuen Ng Festival, Special Administration Region Establishment Day, National Day, Chung Yeung Festival, Christmas and the first weekday after Christmas.
The Bombay Stock Exchange, headquartered in Mumbai, is open from 9:15 a.m. to 3:30 p.m. (India Standard Time). It is closed for 15 holidays per year, including Mahashrivati, Holi, Dr. Baba Saheb Ambedkar Jayanti, Good Friday, Maharashtra Day, Bakri Id, Independence Day, Ganesh Chaturthi, Muharram, Mahatma Gandhi Jayanti, Dussehra, Diwali, Gurunanak Jayanti and Christmas.
Euronext, headquartered in Amsterdam, is open from 9 a.m. to 5:40 p.m. (Central European Time). It is closed for six holidays per year, including New Year’s Day, Good Friday, Easter Monday, Labour Day, Christmas and Boxing Day. The Euronext exchange also has modified hours on Christmas Eve and New Year’s Eve.
The SIX Swiss Exchange, headquartered in Zurich, is open from 8:30 a.m. to 5:30 p.m. (Central European Time). It is closed for 12 holidays per year, including New Year’s Day, the day after New Year’s Day, Good Friday, Easter Monday, Labor Day, Ascension Day, Whit Monday, Swiss National Day, Christmas Eve, Christmas, Boxing Day and New Year’s Eve.
The London Stock Exchange Group, headquartered in London, is open from 8:15 a.m. to 4:30 p.m. (Greenwich Mean Time or British Summer Time). It is closed for eight holidays per year, including New Year’s Day, Good Friday, Easter Monday, an early May bank holiday, a spring bank holiday, a summer bank holiday, Christmas and Boxing Day. The exchange also has modified hours on Christmas Eve and New Year’s Eve.
Investors can trade stocks during the hours after the stock market closes. Known as after-hours trading, this means you can still place orders to buy or sell stocks after the market closes for the day. On the other hand, pre-market trading happens in the hours before the market opens. Together, after-hours and pre-market trading make up extended-hours trading. While investors can trade stocks during weekday mornings and evenings, trading on weekends is not allowed, unless it’s on an international exchange that is already open in that time zone, such as on Sundays in the U.S.
For example, the NYSE offers extended-hours trading from 7 to 9:30 a.m. and from 4 to 8 p.m. The NASDAQ offers pre-market trading from 4 to 9:30 a.m. and after-hours trading from 4 to 8 p.m.
Depending on the exchange, there may be different rules for extended-hours trading than for normal trading hours. In addition, each brokerage firm may have different rules for trading when the market is closed. Most brokerages require customers to agree to the Electronic Communication Network, or ECN, user agreement before engaging in extended-hours trading. Sometimes customers are required to discuss it with a representative so that they can understand the potential risks associated with extended-hours trading, such as less liquidity and more volatility. ECN electronically matches buyers and sellers to execute limit orders. Sometimes, extended-hours orders are executed by a dealer at a price that is better than or the same as the ECN’s best offer. At the end of extended-hours, any unexecuted orders are canceled.
A few brokerages that offer extended-hours trading include TD Ameritrade, Fidelity and Charles Schwab.
Pros and Cons of Extended-Hours Trading
For starters, you can trade at any time with extended-hours trading. In other words, you can choose to trade when it is most convenient for you or in response to news events that happen before or after normal market hours.
Many public companies release their quarterly earnings after 4 p.m. Eastern Standard Time, when the NYSE has closed. Investors can immediately place a trade after companies release their earnings, rather than being forced to wait until the market opens again. The U.S. employment report is released at 8:30 a.m. Eastern Standard Time the first Friday of every month. Rather than waiting until 9:30 a.m., an investor could adjust their position immediately after the report is released.
There is no guarantee your order will be filled during the extended hours, even if you make the order. The vast majority of trading happens during normal business hours. That means if you are selling stock, there is more demand during normal business hours. If you are buying stock, there is more supply during normal business hours. In addition, price volatility tends to be higher during extended-hours trading, and there may be trading limitations imposed by your broker. For example, if you’re a new or inexperienced investor, your brokerage account may not allow for buying specific investments that are exceptionally volatile.
However, one of the main potential disadvantages is that buying and selling outside of normal business hours could negatively impact your profitability. For example, if you are trying to sell shares of stock during extended hours, there might not be as many buyers interested in those shares – so you might not be able to get the price you want during extended hours.
The Bottom Line
Stock market hours may vary worldwide, but extended-hours trading offers you the ease of investing in the market when it’s most convenient for you. It can be useful if you need to make trades right away, and if you’ve figured out ways to minimize the risk.
It might be smart to consider a limit order if you need to place an order immediately, but aren’t concerned about what time of day the trade is actually executed. A limit order will allow you to choose the price you’re comfortable buying or selling at, and can be placed after-hours or during regular market hours. It could be filled any time the price you selected is available.
There are many different stock markets, so if you decide that extended-hours trading is not for you, consider a stock market with different hours or simply wait to buy or sell stocks during normal business hours.
Tips on Buying And Selling Stocks
- If you’re new to buying and selling stocks, you may want to consider working with a financial advisor who can help you navigate the market. Finding the right one that fits your investing needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in five minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
- The stock market isn’t the only place to invest your hard earned dollars. Consider learning about different types of investments and how they work before deciding where to build your portfolio.
- If you’re ready to start investing in the stock market on your own, consider using an online brokerage account as your trading platform. Whether it’s during normal business hours, early in the morning or late at night, you’ll be able to buy and sell stocks from the comfort of your own home.
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