Can Hong Kong hold its ground as Nasdaq brings Wall Street into Asian hours?

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Nasdaq plans to extend US equity trading to nearly 23 hours a day, with the new overnight session set to overlap directly with normal trading hours in Hong Kong and Beijing. The change could intensify competition between Wall Street and Asian financial markets.

Nasdaq is preparing to extend trading in US equities on its exchange to nearly 23 hours a day from next month, a landmark shift that will bring Wall Street into real-time competition with Asian markets. The expansion, slated for launch on December 6, introduces an overnight window running from 9pm to 4am Eastern Time. During US winter time, that corresponds to 10am to 5pm in Hong Kong and Beijing, directly overlapping with normal trading hours across China. The US Securities and Exchange...