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For Kuehne + Nagel, the logistics group at SMI, on the first day of trading, first of all, there was a major setback: Currently, no stocks and options can be traded on the Swiss exchange SIX. At the request of the AWP news agency, a spokesperson said trading was halted due to technical issues.
The spokesperson said that shortly after 11:00 on Tuesday, individual stock and index prices remained at the same level, the investigation is still ongoing and more information will come. It is unknown how long the outage lasted.
However, systems are currently rebooting. Shortly before 1pm, SIX said, “Trading can resume at 2pm.”
A spokesperson for the exchange operator said the cause of the on-demand outage was a software bug. He stressed that no hacker attack was responsible for the failure.
According to the spokesperson, the Spanish stock market, which is also owned by SIX, was not affected by the outage.
Since Kuehne + Nagel is new to SMI, the funds mapping SMI need to buy the shares. The demand for titles is correspondingly high. The logistics group’s stocks rose more than 3 percent until trading was suspended. (SDA/koh)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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