Marcus Evans Group | Worldwide Headquarters | American Offices | Latin America | European Offices | African / Asian Offices

Lunch isn’t for wimps: Hong Kong traders protest against cuts to break

Stockbrokers carried placards Thursday denouncing the plan to shorten the break to one hour

Several hundred Hong Kong stockbrokers have marched to the city’s stock exchange to protest against plans to trim their lunchbreak between morning and afternoon trading sessions to an hour.

The stockbrokers carried placards Thursday denouncing the plan to shorten the break by 30 minutes. Rally leaders handed a letter of protest to exchange officials.

The shorter lunchbreak is set to take effect in March and is the second phase of a plan to extend trading hours. Last year it was cut to 90 minutes from two hours.

Stock exchange officials say they need to bring trading hours in line with international rivals. But brokers say they need the time to meet with clients and attend IPO presentations.

guardian.co.uk © 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds