Ho Chi Minh Exchange Malfunction Affects Stock MarketBy and
Vietnam’s largest bourse data distribution briefly disrupted
Stock traders say issue was too short to cause problems
A malfunction struck Vietnam’s main stock exchange on Tuesday, briefly affecting data distribution in the morning session.
The Ho Chi Minh City Stock Exchange experienced “some errors with distribution of market data,” the bourse said in an emailed statement.
The glitch occurred five days after the start of derivatives trading in Vietnam. The benchmark VN-30 Index was little changed before the disruption.
Nguyen Quang Bao, vice general director at Viet Capital Securities JSC, said that while there were some complaints from investors, the disruption didn’t last long enough to have a big impact.
Tran Tien Dung, a 45 year-old Hanoi-based day trader, said the short disruption time eased problems. “It was a bit annoying when we couldn’t check the prices, but it didn’t really affect my trading because it wasn’t very long,” Dung said.
Vietnam’s main exchange isn’t the only one to suffer recent malfunctions. India’s National Stock Exchange had its longest halt last month after an unidentified glitch disrupted orders and price feeds, forcing the country’s biggest bourse operator to freeze equities and derivatives trading. The Indonesia Stock Exchange also suffered two trading disruptions within ten days in July.