6 Mar 2012

Stock exchange traders told to take shorter lunch break

1:51 pm on 6 March 2012

Traders on the Hong Kong stock exchange are having their lunch break trimmed from 90 minutes to an hour.

The move has been fiercely resisted by some local stockbrokers, who say they need the extended lunch break to meet clients and conduct research, the BBC reports.

The traders have organised a number of last-ditch protests in recent weeks, but the stock exchange says the move is necessary to make Hong Kong more competitive by aligning trading hours with major exchanges in Asia.

Restaurant owners in the city's financial district have also joined the protests, fearing a loss of business, although fast food outlets are reportedly preparing for a surge in customers.