Why Eastern Time is the reference point no matter where you live
US market hours are always set in Eastern Time first, and every other time zone's schedule is just a translation of that. Because most of Asia doesn't observe its own daylight saving time, a market that opens at a fixed 9:30 a.m. ET actually appears to shift by an hour in local time twice a year in Tokyo, Seoul, Beijing, and similar zones -- even though nothing about the US market's own hours ever changed.
Extended hours come with real tradeoffs
Pre-market and after-hours sessions generally see far lower trading volume than the regular session, which tends to widen the gap between the best buy and sell price and make a market order riskier to use. A limit order is generally the safer choice outside regular hours, and it's worth expecting more price volatility around news and earnings releases during these windows.
Frequently Asked Questions
Does daylight saving time make the market open later or earlier for someone outside the US?
Earlier, for most of Asia. During US daylight saving time, the time difference to zones like Japan or China narrows, so the market opens an hour earlier in local time than it does once standard time returns -- the market itself hasn't moved, but the local clock time has.
When does US daylight saving time start and end?
It starts on the second Sunday in March and ends on the first Sunday in November. Around those two dates, the local-time translation of the regular session shifts by an hour in every time zone outside the US that doesn't also observe its own daylight saving time.