How Trading Hours Vary by Region: Asia, Europe, Middle East and the Americas
There are 16 exchanges with a market cap of over $1 Trillion USD. The combined market capitalization of the 20 largest Exchanges is $61.42 Trillion USD. The total market cap of the other 56 exchanges is just $5.47 Trillion.
The two largest Exchanges, NYSE and NASDAQ, are both located in the United States followed by the Tokyo Stock Exchange in Japan and the Shanghai Stock Exchange in China. The Australian Stock Exchange, located in Sydney, is the largest stock exchange outside of North America, Europe, and Asia. The Australian Stock Exchange is the 16th largest exchange with a market cap just over $1 Trillion USD. Johannesburg stock exchange, located in South Africa, is the 17th largest and is quickly approaching the $1 trillion mark.
Browse our knowledge base to learn more about these exchanges and discover how the fascinating world of stock trading works.
Americas and Europe
This the typical schedule for largest exchanges in the world including the New York Stock Exchange, NASDAQ, London Stock Exchange, and other smaller exchanges in the west. Many exchanges in North and South America are open the same exact times as the NYSE and NASDAQ. These are the two largest exchanges in the world so it is convenient for investors when these markets are open at the same times. Some exchanges in South America operate on New York's timezone even though the rest of the country uses a different timezone.
Asian Markets such as the Tokyo Stock Exchange and the Shanghai Stock Exchange are open much less than their wester counterparts even though these Asian markets are just as large. Tokyo and Shanghai are the second and third largest markets in terms of market cap in the world, respectively.
Japan's Tokyo Stock Exchange's day is just a half hour shorter than New York's but the big difference is that Tokyo closes for lunch for 1 hours every day. This difference adds up. JPX is open just 25 hours a week and SSE is open just 20 hours per week. These lunch breaks are part of the culture in Asia. No exchanges outside of Asia close for lunch.
It is also important to note that markets in Asia can close unexpected at times. Especially in China where the government tries to stabilize stock prices by reducing liquidity, markets will sometimes close early on days with particular poor performance. This gives investors time to process information and prevents huge swings in prices.
Middle Eastern Markets
Middle Eastern markets, in general, are open for the fewest hours each week. These markets do not close for lunch but they are open for only a few hours each day and many are open for less than 5 days a week. The Egyptian Exchange (EGX), for example, is open just 4.5 hours each day from Sunday to Thursday.
Many exchanges in the Middle East are also open on different days than other exchanges around the world. The work week in these countries is typically from Sunday to Thursday and are closed on Friday and Saturday. This is typical for many businesses in this region.