TOKYONovember 5 (Japan News) – The Tokyo Stock Exchange (TSE) will extend its trading hours by 30 minutes from November 5. This marks the first extension of trading hours in 70 years, with the last change taking place in 1954.
Previously, trading on the Tokyo Stock Exchange ended at 3 p.m., but starting November 5, the cut-off time will be shifted to 3:30 p.m. The extension aims to increase the trading volume of Japanese stocks by attracting more participation from foreign investors.
In addition to the extension, the TSE will introduce a new system called a โclosing auctionโ during the last five minutes before closing. During this period, orders can be placed, but no transactions will be executed and share prices will remain unchanged.
This new mechanism, similar to systems in markets such as London and Hong Kong, is expected to increase transparency of transactions leading to the final price of the day.
With the extended trading hours and the introduction of this new system, the Tokyo Stock Exchange aims to encourage wider participation and further stimulate the market.
Source: TBS
