Important Notice: The United States officially begins Daylight Saving Time on March 9, 2025. The standard trading hours are adjusted to 21:30 to 4:00 Beijing Time the next day. | The NYSE Arca electronic trading platform plans to extend trading hours, with weekday trading hours surpassing 22 hours. This plan is pending regulatory approval.
Detailed Explanation of Core US Stock Trading Rules
The United States has multiple securities exchanges, among which the New York Stock Exchange, NASDAQ, and the American Stock Exchange are the most representative. Although each major exchange operates independently, their trading hours are highly synchronized in most cases, with only minor differences in certain trading products.
Overview of US Stock Market Trading Rules
Item
Content
Main Exchanges
New York Stock Exchange, NASDAQ, American Stock Exchange
Trading Currency
US Dollar (USD)
Trading Unit
1 share
Settlement Cycle
T+3
Transaction Fees
Manual trading 1%; Electronic trading 0.5%-1%
US Stock Trading Schedule (Eastern Time)
Trading Phase
Trading Days
Trading Hours
Regular Trading
Monday to Friday
9:30 - 16:00
Pre-market Trading
Monday to Friday
4:00 - 9:30
After-hours Trading
Monday to Friday
16:00 - 20:00
Essential for Beijing Investors: US Stock Trading Time Conversion Table
Due to the US observance of Daylight Saving Time and the uniform time in Asia, Beijing investors need to pay close attention to these changes. Daylight Saving Time begins on the second Sunday of March at 2:00 AM, and reverts to Standard Time on the first Sunday of November at 2:00 AM, with clocks adjusted accordingly. Specific rules may vary by state.
US Stock Trading Hours vs. Beijing Time
Trading Time (Eastern Time)
Trading Phase
Beijing Time (Daylight Saving)
Beijing Time (Standard)
9:30~16:00
Regular Trading
21:30~4:00
22:30~5:00
4:00~9:30
Pre-market Trading
16:30~21:30
17:00~22:30
16:00~20:00
After-hours Trading
4:00~8:00
5:00~9:00
Time Difference Reminder: During Daylight Saving Time, Beijing and New York are 12 hours apart; during Standard Time, they are 13 hours apart. Beijing investors engaging in US stock trading should operate during nighttime or early morning hours, requiring proper planning of trading strategies and risk management.
Complete List of US Stock Market Holidays in 2025
The US securities markets observe holidays with closures or early closings. Investors should familiarize themselves with these key dates to avoid risks from unexpected market closures.
2025 US Stock Market Holidays
Date
Holiday
Trading Arrangement
January 1
New Year’s Day
Closed
January 20
Martin Luther King Jr. Day
Closed
February 17
Washington’s Birthday
Closed
April 18
Good Friday
Closed
May 26
Memorial Day
Closed
June 19
Juneteenth
Closed
July 3
Independence Eve
Closes 3 hours early
July 4
Independence Day
Closed
September 1
Labor Day
Closed
November 27
Thanksgiving Day
Closed
November 28
Day after Thanksgiving
Closes 3 hours early
December 24
Christmas Eve
Closes 3 hours early
December 25
Christmas Day
Closed
In-depth Overview of Major US Stock Exchanges
New York Stock Exchange (NYSE)—The World’s Largest Stock Market
The NYSE dates back to May 17, 1792. At that time, 24 brokers and merchants signed an agreement under a buttonwood tree at 68 Wall Street, laying the foundation for modern securities trading. Today, the NYSE ranks first globally in total market capitalization of listed securities.
The exchange operates in a hybrid mode: electronic trading has become mainstream, but on-floor trading still plays an important role, especially in setting market prices and handling large institutional trades. This dual system ensures market liquidity and pricing efficiency.
NASDAQ—The Tech Stock Hub
NASDAQ is the second-largest securities exchange globally and the first fully electronic securities market in the world. Unlike the NYSE’s reliance on trading floors, NASDAQ allows investors to trade directly via phone or internet, significantly reducing transaction costs and process complexity.
NASDAQ is renowned for its technology companies, including Microsoft, Apple, Amazon, and other top global tech giants. As such, the NASDAQ Composite Index is an important barometer of the global tech industry’s health.
American Stock Exchange (AMEX)—Mid and Small Cap Stocks Platform
The AMEX ranks as the third-largest trading market in the US, with a trading model similar to the NYSE but with a distinct focus. It specializes in trading mid- and small-cap stocks, providing financing channels for growth-oriented companies and emerging industries.
Its unique feature is that it is the only US exchange offering stocks, futures, and derivatives trading on a single platform, allowing investors to execute multi-asset trading and hedging operations.
Global Major Stock Markets Trading Hours Overview
To diversify risk and seize global market opportunities, understanding the trading hours of various countries’ stock markets is crucial. Below is a comprehensive trading schedule of popular global exchanges.
Global Stock Market Opening and Closing Times
Exchange
Trading Hours
Beijing Time
China Securities Exchange
9:30~11:30 13:00~15:00
9:30~11:30 13:00~15:00
Tokyo Stock Exchange (Japan)
9:00~11:30 12:30~15:00
8:00~10:30 11:30~14:00
London Stock Exchange (UK)
8:00~16:30
16:00~00:30
Hong Kong Exchanges
9:15~16:00
9:15~16:00
Toronto Stock Exchange (Canada)
9:30~16:00
22:30~05:00
Frankfurt Stock Exchange (Germany)
8:00~22:00
15:00~5:00
Australian Securities Exchange
10:00~16:00
8:00~14:00
Bombay Stock Exchange (India)
9:15~15:30
6:45~18:00
Analysis of Trading Hours Pattern: Major global exchanges form a relatively staggered time layout, enabling continuous market tracking within 24 hours. The Asia-Pacific markets open first (around 8:00 Beijing Time), followed by European markets, with US markets opening as European markets close, creating a seamless global market relay.
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2025 US Stock Trading Hours Complete Guide - Global Stock Market Opening and Closing Overview
Important Notice: The United States officially begins Daylight Saving Time on March 9, 2025. The standard trading hours are adjusted to 21:30 to 4:00 Beijing Time the next day. | The NYSE Arca electronic trading platform plans to extend trading hours, with weekday trading hours surpassing 22 hours. This plan is pending regulatory approval.
Detailed Explanation of Core US Stock Trading Rules
The United States has multiple securities exchanges, among which the New York Stock Exchange, NASDAQ, and the American Stock Exchange are the most representative. Although each major exchange operates independently, their trading hours are highly synchronized in most cases, with only minor differences in certain trading products.
Overview of US Stock Market Trading Rules
US Stock Trading Schedule (Eastern Time)
Essential for Beijing Investors: US Stock Trading Time Conversion Table
Due to the US observance of Daylight Saving Time and the uniform time in Asia, Beijing investors need to pay close attention to these changes. Daylight Saving Time begins on the second Sunday of March at 2:00 AM, and reverts to Standard Time on the first Sunday of November at 2:00 AM, with clocks adjusted accordingly. Specific rules may vary by state.
US Stock Trading Hours vs. Beijing Time
Time Difference Reminder: During Daylight Saving Time, Beijing and New York are 12 hours apart; during Standard Time, they are 13 hours apart. Beijing investors engaging in US stock trading should operate during nighttime or early morning hours, requiring proper planning of trading strategies and risk management.
Complete List of US Stock Market Holidays in 2025
The US securities markets observe holidays with closures or early closings. Investors should familiarize themselves with these key dates to avoid risks from unexpected market closures.
2025 US Stock Market Holidays
In-depth Overview of Major US Stock Exchanges
New York Stock Exchange (NYSE)—The World’s Largest Stock Market
The NYSE dates back to May 17, 1792. At that time, 24 brokers and merchants signed an agreement under a buttonwood tree at 68 Wall Street, laying the foundation for modern securities trading. Today, the NYSE ranks first globally in total market capitalization of listed securities.
The exchange operates in a hybrid mode: electronic trading has become mainstream, but on-floor trading still plays an important role, especially in setting market prices and handling large institutional trades. This dual system ensures market liquidity and pricing efficiency.
NASDAQ—The Tech Stock Hub
NASDAQ is the second-largest securities exchange globally and the first fully electronic securities market in the world. Unlike the NYSE’s reliance on trading floors, NASDAQ allows investors to trade directly via phone or internet, significantly reducing transaction costs and process complexity.
NASDAQ is renowned for its technology companies, including Microsoft, Apple, Amazon, and other top global tech giants. As such, the NASDAQ Composite Index is an important barometer of the global tech industry’s health.
American Stock Exchange (AMEX)—Mid and Small Cap Stocks Platform
The AMEX ranks as the third-largest trading market in the US, with a trading model similar to the NYSE but with a distinct focus. It specializes in trading mid- and small-cap stocks, providing financing channels for growth-oriented companies and emerging industries.
Its unique feature is that it is the only US exchange offering stocks, futures, and derivatives trading on a single platform, allowing investors to execute multi-asset trading and hedging operations.
Global Major Stock Markets Trading Hours Overview
To diversify risk and seize global market opportunities, understanding the trading hours of various countries’ stock markets is crucial. Below is a comprehensive trading schedule of popular global exchanges.
Global Stock Market Opening and Closing Times
Analysis of Trading Hours Pattern: Major global exchanges form a relatively staggered time layout, enabling continuous market tracking within 24 hours. The Asia-Pacific markets open first (around 8:00 Beijing Time), followed by European markets, with US markets opening as European markets close, creating a seamless global market relay.