Nikkei Flat Line

A_Flock_Of_Sheep

When I was gambling on the Nikkei I would look at the daily chart and noticed that during every day there is a period where the graph is totally straight and flat. This does not seem to happen on the FTSE

Glastoun

They break for sushi around noon.

A_Flock_Of_Sheep

Glastoun wrote: »

They break for sushi around noon.

Oh how civilised. I am guessing they have no lunch in London?

Glastoun

My answer was attempting to be flippant, but also seemed to manage to be correct:

http://en.wikipedia.org/wiki/Tokyo_Stock_Exchange#Hours

http://en.wikipedia.org/wiki/London_Stock_Exchange#Opening_times

I think the sushi in London is so expensive that the LSE guys need to work over their lunch to be able to pay for it.

Also, that first sentence is the worstly-constructed sentence I think I've ever written.

Perelandra

Oh my... lunchtimes must be extremely tense times if significant news comes in that can't be acted upon immediately- for traders anyway!

bowlhead99

Perelandra wrote: »

Oh my... lunchtimes must be extremely tense times if significant news comes in that can't be acted upon immediately- for traders anyway!

Hong Kong, Shanghai and Shenzhen also close for lunch, like Tokyo. Slightly different times. While news can come in out of market hours, this is not a big deal: because when the market that your share, bond or other instrument trades on, is closed - nobody else can trade it either.

It is no different to getting news in the UK when you're in the office before 8am or after 4.30 pm and not being able to act on it until market opens. The market is closed 15.5 hours a day here, 16.5 in New York, and even more in Japan where they only have 6 hours of trading, less the midday closure! It doesn't mean people aren't in the office though.

Over here(London), financials and other price sensitive announcements like M&A news typically comes out via RNS at 7am here, everyone gets a fair chance to read it properly, then at 8am it's off to the races - with the first price being struck at something different to the last price the night before.

grey_gym_sock

A_Flock_Of_Sheep wrote: »

I am guessing they have no lunch in London?

sandwiches delivered to the desk.