Hong Kong Halts Derivatives Trading After Technical Problems
- HKEX cites unspecified connectivity problems for suspension
- Exchange operator says all other markets are operational
The Hong Kong Exchanges & Clearing building.
Photographer: Justin Chin/Bloomberg
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Hong Kong’s exchange operator halted derivatives trading because of technical issues for the first time in its history, deepening losses in the local stock market at a time of heightened sensitivity about the city’s status as Asia’s premier financial hub.
The move to suspend trading in the afternoon and after-hours sessions came after Hong Kong Exchanges & Clearing Ltd. experienced connectivity issues with its derivatives platform on Thursday morning. The exchange’s websites also faced intermittent access problems. The firm said the problem was caused by a software issue in the vendor-supplied trading system.