🌏 International Stock Basics

Taiwan vs U.S. vs Japan Stocks: Hours, Settlement, Trading Units, and Price Limits

Taiwan, U.S., and Japan equity markets differ in trading hours, settlement cycles, trading units, and price-control mechanisms.

SourcesExchange / regulator sources
Checked2026-08-16
ScopeMarket education · no stock picking
Prepared by A-J | Author brand: 盡職生活|阿J的普通人理財筆記
About the author/site · Vocus @WUCJ ↗ · Editorial policy
Page version: 2026-08-16 | Official or primary sources are preferred for material rules and figures. AI may assist structure, translation, and code, but is not used as the sole factual source.
International investing: In addition to the stock itself, consider currency, time zone, broker fees, and market-specific rules.

Trading hours differ substantially

Taiwan regular trading is 09:00–13:30 local time; U.S. regular trading runs 09:30–16:00 ET; Japan trades 09:00–11:30 and 12:30–15:30 JST.

Settlement cycles differ too

Taiwan ordinary trades currently settle T+2; most applicable U.S. securities settle T+1; Japanese domestic stocks settle T+2.

Trading-unit systems are different

Taiwan regular lots commonly use 1,000 shares with odd-lot trading also available; Japan domestic stocks use 100-share units; U.S. retail orders can be smaller than 100 shares depending on broker capabilities.

Do not assume the same price-limit system

Taiwan ordinary shares use daily price limits, Japan sets yen-based daily price limits, while U.S. markets rely on price bands, trading halts, and circuit breakers.

Actual hours, fractional/single-share availability, fees, FX, and overseas-market access vary by broker. Check current broker rules before trading.