The ASX trading halt will remain in place for the remainder of the day, says the ASX in its latest update to customers.
All trading activities will cease for the remainder of the day and trading is expected to commence tomorrow morning at 10 am AEDT.
The decision came after a tech glitch which started at 10:24 am this morning that caused all trading activities to be halted while the ASX investigated the issue.
What caused the ASX trading halt
Although the ASX has yet to announce the root cause, it appears that the problem occurred after the ASX carried out a “refresh” and “migration” activities for its ‘ASX Trade’ system on Saturday, with go-live scheduled for this morning at 2:25 am.
It is currently unknown whether those activities related to scheduled maintenance or a system upgrade.
In its latest tweet, the ASX says that the “underlying cause of the issue has been identified and a resolution path is in place, allowing trading to commence tomorrow at 10 am AEDT.”
MEDIA ALERT@ASX equity markets will not open for the remainder of today. The underlying cause of the issue has been identified and a resolution path is in place to allow trading to commence tomorrow at 10am. System status updates https://t.co/uhcaPSyh0G More to come.
— ASX 🏛 The heart of Australia’s financial markets (@ASX) November 16, 2020
https://platform.twitter.com/widgets.js
Today’s glitch today follows a similar problem encountered last month when the ASX launched its new website.
The website crashed on launch day and failed to show company announcements.
These disruptive events have raised the question of market integrity on the part of the ASX and may put the lingering question of the ASX’s monopoly back on the table.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
More reading
- Tyro (ASX:TYR) share price flat on positive weekly EFTPOs update
- Is the BWX (ASX:BWX) share price a buy?
- Why the Medusa (ASX:MML) share price is edging lower today
- NTM Gold (ASX:NTM) share price rockets 44% higher on Dacian (ASX:DCN) merger plan
- Nearmap (ASX:NEA) targets return of 20-40% year-on-year growth
Motley Fool contributor Eddy Sunarto has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post ASX trading halt to remainder in place for the rest of the day appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/35zhTP9
Leave a Reply