Trading in the Australian Market Suspended for the Day Following Technical Issues

After experiencing a technical glitch after this morning's opening, ASX has suspended trading for the rest of the day.

Australia’s stock exchange (ASX) has suspended trading for the rest of the day after a technical glitch delayed the open by an hour, ahead of key US and Japan central bank meetings this week.

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The technical issue is reported to be related to the systems failing to receive orders from stockbrokers and other market participants. The exchange is working with its technology vendor Nasdaq, to prevent a recurrence of the problem, having halted trading in the afternoon prior to cancelling it for the rest of the day.

ASX said in a media statement that the market would not re-open on 19 September, and there would be no closing single price auction.

The statement released by the ASX reads as follows: “The opening of the equities market has been delayed due to an issue with a component that allows ASX to manage individual stocks,” said Matthew Gibbs, the spokesman for the ASX in Sydney.

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“ASX is working to rectify the issue and open the market in an orderly manner as soon as possible.”

The ASX tweeted around 12.30 pm SIN/HK that trading had been halted, and later said trade would not resume on Monday.

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