The Hong Kong Stock Exchange (HKEX) is in early discussions to extend its trading hours, potentially to 5pm or 8pm, according to two sources. The move aims to enhance market competitiveness, though scrapping the lunch break is not being considered.
South Korea has expanded its won trading hours to a global 24-hour market, aiming to enhance accessibility and convenience in FX trading. The move reflects the economy's evolution towards increased overseas investment.
A council report indicates Asian markets drove gold price rebounds in H1, while US markets caused pullbacks. Despite a recent drop from record highs, gold is expected to show upside potential in H2 2024, influenced by factors like geopolitical risks and local currency weakness in Asia.
A Belfast City Council survey shows 82% of residents favor extending Sunday trading hours. The proposal, which could boost tourism for events like Fleadh Cheoil na hÉireann, faces opposition from trade unions.
Bitcoin briefly touched $80,529 on May 4, driven by aggressive derivatives buying. Despite persistent spot ETF inflows, the market remains vulnerable due to high leverage, geopolitical tensions in the Middle East, and a hawkish Federal Reserve outlook.
President Donald Trump told his aides to prepare for an extended blockade of Iran, The Wall Street Journal reported, citing US officials. Trump posted on social media that he is taking action with Iran that other nations should have done long ago, claiming Iran informed the US it is in a 'State of Collapse' and wants the Hormuz Strait opened as the country figures out its leadership situation.
