The Korea Exchange, South Korea's main stock exchange, will begin allowing trading until 8 PM for virtually all local stocks starting this Monday, after the regular session closes at 3:30 PM. The measure is part of the goal to move toward 24-hour trading.
This is the first initiative of its kind among major Asian exchanges, breaking with the region's trading hours standards. The extension follows a global trend toward uninterrupted markets, led by Nasdaq and the New York Stock Exchange.
The South Korean exchange seeks to take advantage of what it expects to be sustained demand from global investors. The expanded hours aim to attract more international participation and increase the competitiveness of the South Korean market in the global landscape.
