The Securities and Futures Commission (
In addition, longer trading hours could be implemented as early as next February, Lin said.
"The extension of trading hours will be launched in February or March next year, and it will not be affected by the transition in government," Lin said.
"Also, the present 7 percent limit on daily price movements could be extended at the same time. The range of daily price movement limits is between 10 to 30 percent for most major stock markets in the world."
As to whether trade would be broken up into morning and afternoon sessions once hours are extended, Lin said that matter had not been decided yet. However, he noted, most professionals favor one continuous session with no break.
Meanwhile, yesterday was the first day of fixed-priced, after-hours trading for Taiwan stocks.
But turnover was a light NT$1.71 billion, as the half-hour session failed to attract the attention of local and foreign investors.
Starting yesterday, after-hours trading runs Monday through Friday between 12:30pm and 1pm. Trades are based on the closing prices for individual equities during the regular session.
Brokers said the session failed to draw interest because it lasted just 30 minutes.
"Local authorities should start to think about a real after-hours trading mechanism, such as in the US," said an executive of a foreign securities house, who asked not to be named. "A half-hour trading session right after the market closes and fixed-price trading is meaningless."
However, market watchers said the half-hour session was a way in which the market could test the waters for longer sessions later.
SFC officials said the lack of interest in yesterday's after-hours session was fully anticipated. They said they would track the volume over the next few days before making any further comment.
"The purpose of after-hours trading is to extend regular trading hours to a regular, 9-to-5 working schedule," said Henry Cheng (
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