1 Nov 2010

Hong Kong lunches threatened

12:34 pm on 1 November 2010

Two-hour lunches by stock brokers in Hong Kong may soon be a thing of the past.

The Hong Kong exchange currently runs between 10am - 4pm with two hours for lunch.

Lunchtime trading breaks are rare outside Asia and the exchange wants to extend its trading hours and shorten lunch to compete with other major international markets.

But Hong Kong stock brokers are staunch defenders of the status quo and many are resisting moves to shorten it.

It's the second time in 10 years that the exchange has tried to extend trading hours.

In 2003, it abandoned plans to eliminate the lunch break after opposition from brokers.