Thursday, October 27, 2011

Australian Stock Exchange Closes Due To Glitch (ASX)


(Bloomberg) Trading on Australia’s share market was halted for almost four hours by a technical glitch today, just days before ASX Ltd., operator of the bourse, faces competition from the opening of its first foreign-owned rival. 
The problem happened just minutes after the start of trading, depriving local investors of the opportunity to react immediately to a breakthrough in Europe’s debt talks, which sent the benchmark MSCI Asia Pacific Index up 2.5 percent. Australia’s S&P/ASX 200 Index jumped 2.5 percent after it reopened at 2 p.m. in Sydney.
 yeah glitch my ass.