US Market Change: Asia Investors Affected?
@JC888：
Prelude. I was having my lazy Sunday morning breakfast when I came across this “interesting” update article. Upon reading, the first afterthought that flashed my mind was “How will it affect Asian investors like us” ? Given that we are already trading (pandering) to US trading hours ? With that let’s get into the skinny of the news article. The Skinny. As per CNN report (see above): Buying or selling a stock is about to get a lot snappier starting Tues, 28 May 2024. Current standard settlement cycle (since 2017): For broker-dealer transactions is “T+2.” This means it takes 2 business days from when an investor buys a stock to when that transaction “settles,” or when the stock is officially transferred to the buyer’s account. At the same time, cash is delivered to the seller’s account. Come