I'm not in America, but I keep an eye on the S&P because of course. I downloaded an app the shows when markets open/close in my local time, and noticed something interesting: all the major exchanges trade before the NY/Toronto exchanges.
I kind of knew this because I find out the NYX Monday reactions when I wake up on Tuesday. I (should've) didn't realise that flows through the rest of the world.
If Japan and China dump US bonds, that will be seen on their boards well before the American markets open.
Does anyone else do this? Am I late to this particular practice?
*full breakdown for those curious*
- The NZ goes first at 10pm GMT (not super relevant to most people)
- This is followed by Australia and Japan at 12am GMT
- Shenzen and Hong Kong are next at 1.30am GMT
- Then Shanghai and India around 3.30am GMT
- Australia and India close at 6am
- The Chinese exchanges are short days, closing at 7am GMT, when the London exchange opens for the longest trading day of all the big markets.
- London is still going when finally the NASDAQ, NY and Toronto open at 1.30pm GMT.
- London closes at 3.30pm GMT while America/Toronto go until 8pm GMT.