TSE vs HKEX: hours, settlement and tech listings compared
How the Tokyo Stock Exchange and the Hong Kong Stock Exchange differ for technology investors: trading hours, currency, settlement, price limits and the tech companies each one lists.
TSE: 09:00–11:30, 12:30–15:30 local
HKEX: 09:30–12:00, 13:00–16:00 local
Key differences
- On 19 October 2026 their regular sessions overlap for 3 h 00 min, between 01:30 and 06:30 UTC. The overlap changes when clocks move for daylight-saving time.
- TSE trades in JPY and HKEX in HKD: returns for a foreign investor include the exchange-rate move. See currency moves.
- Both settle trades on T+2.
- TSE and HKEX have a midday lunch break.
- In the next 12 months TSE has 17 weekday holidays.
Side by side
| TSE | HKEX | |
|---|---|---|
| Country | Japan | Hong Kong SAR, China |
| Operator | Japan Exchange Group (JPX) | Hong Kong Exchanges and Clearing (HKEX) |
| Currency | JPY | HKD |
| Local trading hours | 09:00–11:30, 12:30–15:30 (Asia/Tokyo) | 09:30–12:00, 13:00–16:00 (Asia/Hong_Kong) |
| Your time today | — | — |
| Settlement | T+2 | T+2 |
| Price limits | Daily price limits set as a fixed yen amount based on the previous close. | No daily price limit. A Volatility Control Mechanism triggers a cooling-off period for large stocks after sudden moves. |
| Minimum trading unit | Units of 100 shares | Set per stock (board lots differ by company) |
| Regulator | Financial Services Agency (FSA) | Securities and Futures Commission (SFC) |
| Technology benchmark | TOPIX Electric Appliances and Information & Communication sectors | Hang Seng TECH Index |
| Main indices | TOPIX, Nikkei 225 (published by Nikkei Inc.), TSE Growth Market 250 | Hang Seng Index, Hang Seng TECH Index, Hang Seng China Enterprises Index |
| Listing boards | Prime Market, Standard Market, Growth Market | Main Board, GEM |
Tech companies listed
TSE
HKEX
Examples of well-known listings, not recommendations.
More about each exchange
- Tokyo Stock Exchange profile
- Hong Kong Stock Exchange profile
- Add a third exchange in the comparison tool
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