Singapore Exchange Says STX Pan Ocean’s Plunge Wasn’t Error
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The Singapore Exchange said there was no trading error behind the 64 percent plunge by shares of STX Pan Ocean Co., South Korea’s biggest dry-bulk carrier, during the final few minutes of trading yesterday.
Two lots totaling 300 STX Pan Ocean shares changed hands at S$1.595 apiece at 5:04:25 p.m., according to data compiled by Bloomberg. The stock was trading at S$4.25 about five minutes earlier.