Nasdaq 23-hour trading launch pressures Asian exchanges, Hong Kong competitiveness

Nasdaq will extend US equity trading to nearly 23 hours daily from December 6, adding an overnight window that overlaps with Asian trading hours. This structural shift intensifies competition for order flow and liquidity between US and Asian venues, potentially eroding Hong Kong's role as a regional trading hub. The SEC approval is pending, and the impact on Asian market share remains uncertain.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works