Last year, the Singapore Exchange (SGX) mooted a proposal to do away with the 90min lunch hour. I said then that it was a stupid idea that no one is asking for. In fact, it smells of desperation.
I still think it is a stupid idea but as they usually are, once an idea is mooted, they will implant it. So from March 1, the lunch hour is gone, all 90mins of it. The SGX proudly says that this will make Singapore the market with the longest trading hours in Asia.
Who cares? So what if Singapore has the longest trading hours in Asia? I mean what has changed? No one asked for it last year and no one is asking for it now!
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