Singapore Bourse Opens as CEO Atones for Halt That Riled Traders
- Loh apologized for error and said recovery time must be better
- Market closed early to ensure order and take on feedback
Malfunction Ruins Singapore Exchange CEO's Anniversary
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Singapore Exchange Ltd. reopened its stock market after a disruption shut trading early on Thursday, prompting an apology from Chief Executive Officer Loh Boon Chye.
Southeast Asia’s biggest bourse was forced to halt stock trading at 11:38 a.m. local time on Thursday because of a technical malfunction, and it failed to follow through on two pledges to reopen. The benchmark Straits Times Index climbed 0.9 percent as of 9:42 a.m. on Friday, tracking gains in Asian stocks. Shares of the exchange operator, also known as SGX, increased 0.1 percent.