New Zealand Stock Trading Resumes After Technical FaultAdam Haigh
Trading resumed through NZX Ltd., the operator of New Zealand’s stock exchange, after messaging problems on the bourse’s trading system caused a halt.
The market reopened at 11:15 a.m. local time after an alert at 10:54 a.m. from the exchange saying trading was suspended. This is not the first time this year that trading has been suspended due to technical problems. It was delayed by 15 minutes at the start of the day on April 28 due to an unspecified “system issue.”
New Zealand is the third-smallest equity market among 16 major countries in the Asia-Pacific region tracked by Bloomberg News, ranking below Pakistan and the Philippines. The country’s benchmark NZX 50 Index slid 0.1 percent at 11:20 a.m., paring this year’s advance to 9.5 percent.