Why it matters
- Each exchange sets its hours in local time. The New York Stock Exchange and Nasdaq trade from 9:30 a.m. to 4 p.m. ET, London from 8 a.m. to 4:30 p.m. and Tokyo from 9 a.m. to 3:30 p.m., with a lunch break.
- Tokyo and Shanghai close for lunch. Hong Kong now trades straight through the noon hour, and the other major markets in this guide have no midday break.
- Europe's clocks go back on Sunday, Oct. 25, 2026, and U.S. clocks on Sunday, Nov. 1. For the week in between, European markets open and close an hour later than usual in ET.
Explainer: background on how global markets work.
World stock markets trade in a relay that runs nearly around the clock on weekdays. Sydney opens first, at about 10 a.m. local time, and New York closes the day at 4 p.m. ET. Each exchange sets its hours in local time, so the times in ET and GMT move when clocks change for daylight saving time. The table below shows regular trading hours from Monday, Nov. 2, 2026, after both Europe and the United States have moved to winter time.
| Exchange | Regular hours (local time) | Lunch break | GMT | ET |
|---|---|---|---|---|
| New York Stock Exchange and Nasdaq | 9:30 a.m. to 4 p.m. | None | 14:30 to 21:00 | 9:30 a.m. to 4 p.m. |
| Toronto Stock Exchange | 9:30 a.m. to 4 p.m. | None | 14:30 to 21:00 | 9:30 a.m. to 4 p.m. |
| London Stock Exchange | 8 a.m. to 4:30 p.m., closing auction to 4:35 p.m. | None | 08:00 to 16:30 | 3 a.m. to 11:30 a.m. |
| Frankfurt (Xetra) | 9 a.m. to 5:30 p.m. | None | 08:00 to 16:30 | 3 a.m. to 11:30 a.m. |
| Paris (Euronext) | 9 a.m. to 5:30 p.m., closing auction at 5:35 p.m. | None | 08:00 to 16:30 | 3 a.m. to 11:30 a.m. |
| Tokyo Stock Exchange | 9 a.m. to 3:30 p.m. | 11:30 a.m. to 12:30 p.m. | 00:00 to 06:30 | 7 p.m. to 1:30 a.m. |
| Hong Kong Exchanges | 9:30 a.m. to 4 p.m., closing auction to about 4:10 p.m. | None | 01:30 to 08:00 | 8:30 p.m. to 3 a.m. |
| Shanghai Stock Exchange | 9:30 a.m. to 3 p.m. | 11:30 a.m. to 1 p.m. | 01:30 to 07:00 | 8:30 p.m. to 2 a.m. |
| Sydney (ASX) | About 10 a.m. to 4 p.m., closing auction about 4:10 p.m. | None | 23:00 to 05:00 | 6 p.m. to midnight |
| Mumbai (NSE) | 9:15 a.m. to 3:30 p.m. | None | 03:45 to 10:00 | 10:45 p.m. to 5 a.m. |
| Seoul (Korea Exchange) | 9 a.m. to 3:30 p.m. | None | 00:00 to 06:30 | 7 p.m. to 1:30 a.m. |
Sources: the exchanges' websites and rulebooks listed below. GMT and ET are calculated for Nov. 2, 2026, to March 12, 2027. Asian and Australian sessions in ET start the previous evening; Sydney's session in GMT starts the previous day.
What time does the stock market open around the world?
In ET, the trading day starts on the previous evening. From Nov. 2, Sydney opens at about 6 p.m. ET, Tokyo and Seoul at 7 p.m., Hong Kong and Shanghai at 8:30 p.m. and Mumbai at 10:45 p.m. London, Frankfurt and Paris open at 3 a.m. ET, and New York and Toronto at 9:30 a.m.
The Australian Securities Exchange opens at a random moment around 9:59:45 a.m. Sydney time, after a pre-open from 7 a.m., and normal trading ends at 4 p.m., ASX says. India's National Stock Exchange runs a pre-open session from 9 a.m. to 9:15 a.m., according to NSE. Since Aug. 3, 2026, NSE has also held a closing auction session from 3:15 p.m. to 3:35 p.m. for stocks with derivative contracts, while other stocks trade continuously until 3:30 p.m., Outlook Money reported. The Korea Exchange lists its regular session as 9 a.m. to 3:30 p.m., with after-market trading from 4 p.m. to 8 p.m.
Which stock exchanges close for lunch?
Tokyo and Shanghai still take a midday break. The Tokyo Stock Exchange's morning session runs from 9 a.m. to 11:30 a.m. and its afternoon session from 12:30 p.m. to 3:30 p.m., Japan Exchange Group says. Shanghai's morning continuous auction runs from 9:30 a.m. to 11:30 a.m. and its afternoon session from 1 p.m. to 2:57 p.m., followed by a closing call auction until 3 p.m., the Shanghai Stock Exchange says.
Hong Kong no longer pauses. HKEX lists an "extended morning session" of continuous trading from noon to 1 p.m., between its morning session from 9:30 a.m. and its afternoon session to 4 p.m. It drops the extended morning and afternoon sessions on the eves of Christmas, New Year and Lunar New Year.
How does daylight saving time change market hours?
Exchange hours stay fixed in local time, but the gaps between time zones change. In 2026, the clocks in the U.K. go back one hour at 2 a.m. on Sunday, Oct. 25, the U.K. government says, and the European Union requires member states to return to standard time on the last Sunday of October, which is also Oct. 25. U.S. daylight saving time ends at 2 a.m. on the first Sunday of November, under federal law, which is Nov. 1 this year. Canada's Toronto exchange keeps the same ET hours as New York.
That leaves one trading week, Monday, Oct. 26, to Friday, Oct. 30, when New York is four hours behind London instead of the usual five.
| European markets in ET | Until Oct. 23 | Oct. 26 to Oct. 30 | From Nov. 2 |
|---|---|---|---|
| London open | 3 a.m. | 4 a.m. | 3 a.m. |
| London close | 11:30 a.m. | 12:30 p.m. | 11:30 a.m. |
| Frankfurt and Paris open | 3 a.m. | 4 a.m. | 3 a.m. |
| Frankfurt and Paris close | 11:30 a.m. | 12:30 p.m. | 11:30 a.m. |
| New York open in GMT | 13:30 | 13:30 | 14:30 |
During that week, Tokyo, Seoul, Hong Kong, Shanghai, Mumbai and Sydney also open an hour later in ET than the table at the top shows. Japan, South Korea, China, Hong Kong and India do not use daylight saving time. Sydney does: New South Wales moved its clocks forward on Oct. 4, 2026, and moves them back on April 4, 2027, the state government says, so Sydney's session sits one hour earlier in GMT during the southern summer.
The same mismatch returns in spring. Under the same rules, U.S. clocks move forward on March 14, 2027, and Europe's on March 28, 2027, a two-week gap.
When do European and U.S. markets overlap?
London and New York are both open for about two hours a day, from 9:30 a.m. to 11:30 a.m. ET, under normal offsets. In the week of Oct. 26, that overlap stretches to three hours, until 12:30 p.m. ET. Our explainer on how the global trading day works covers why that overlap matters and how one region hands off to the next.
What about holidays and early closes?
Each country sets its own holidays, so one market can be shut while the others trade. The NYSE is closed on Thursday, Nov. 26, for Thanksgiving and closes early at 1 p.m. ET on Friday, Nov. 27, and Thursday, Dec. 24, the exchange says. Our market calendar lists upcoming holidays and data releases, and the markets page shows the latest closes.
Follow each session as it happens on our global market today page, with the latest Asia, Europe and Americas recaps.
Sources
- New York Stock Exchange, Holidays and trading hours
- Nasdaq, Stock market trading hours
- TMX Group, Toronto Stock Exchange trading hours
- London Stock Exchange, Millennium Exchange and TRADEcho business parameters (trading service breakdown, SETS)
- Deutsche Börse, Trading calendar and trading hours
- Euronext, Appendix to Trading Manual 4-01, cash trading hours (effective Oct. 19, 2026)
- Japan Exchange Group, Trading hours
- Hong Kong Exchanges and Clearing, Trading hours: securities market
- Shanghai Stock Exchange, Trading schedule
- ASX, Cash market trading hours
- National Stock Exchange of India, Equity market pre-open session
- Outlook Money, NSE extended F&O timings and new closing auction session rules explained (May 30, 2026)
- Korea Exchange, Trading hours
- GOV.UK, When do the clocks change?
- European Commission, Summertime (Directive 2000/84/EC)
- U.S. Code, 15 U.S.C. § 260a, advancement of time
- NSW Government, Daylight saving