Trading In At Least 7 Hong Kong-Listed Stocks Halted Due To HKEx Technical Error
August 10 2011 - 2:47AM
Dow Jones News
The Hong Kong stock exchange said Wednesday it has halted
afternoon trading in at least seven listed companies that issued
price-sensitive information during the midday break, because of
technical problems with the exchange operator's website.
Companies that have been suspended from trade include blue chips
Hong Kong Exchanges & Clearing Ltd. (0388.HK), operator of the
exchange, as well as banking giant HSBC Holdings PLC (HBC) and
Cathay Pacific Airways Ltd. (0293.HK).
Other halted companies include China Resources Microelectronics
Ltd. (0597.HK), China Power International Development Ltd.
(2380.HK), Dah Sing Banking Group Ltd. (2356.HK), and Dah Sing
Financial Holdings Ltd. (0440.HK).
The exchange said its other systems aren't affected and trading
in its securities and derivatives markets continues to operate
normally.
All these companies reported earnings results or other price
sensitive information during the lunch break. HSBC also announced a
deal to sell its U.S. credit card and retail services business.
The stock exchange said that as a result of the technical
problems, issuer documents submitted may not be published on the
exchange's website.
In the meantime, the exchange said investors can refer to a
temporary Bulletin Board, at www.bulletinboard.hk, which lists all
documents published by issuers.
-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;
kathryn.okeeffe@dowjones.com
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