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Afterhours / weekend trading - basis?

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Hi all,

 

I was wondering - for afterhours and weekend trading, when the indices are closed, what're the price movements actually based on?

For example, I discovered that there's weekend trading for the DJI just a while ago. Without having known this, I'd just have looked at the open on Monday and saw this it had gapped down (as expected). 

Under the hood, what's causing these changes in prices? I was under the (presumably wrong) impression that when the market is closed, no trading can take place and hence there wouldn't be changes in price.

The same would apply for stocks where after hours trading is allowed (e.g. Netflix, Visa where it says "all sessions").

Thanks so much in advance and best of luck to everyone this week ahead!

 

Best,

Garafont

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I think you will find these information helpful. 

https://www.ig.com/au/weekend-trading

 

Like any market, the prices of the weekend indices are dictated by demand and supply, in my humble opinion...

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