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Philippine Stock Exchange Cancels Trading Amid System Glitch

The trading floor of the Philippine Stock Exchange in Metro Manila, the Philippines. — The trading floor of the Philippine Stock Exchange in Metro Manila, the Philippines.
Photographer: Carlo Gabuco/Bloomberg

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January 4, 2022, 3:19 AM UTCUpdated onJanuary 4, 2022, 5:49 AM UTC

The Philippine Stock Exchange canceled trading on Tuesday following a system glitch, according to exchange president Ramon Monzon.

“We are sorry about this unfortunate incident and we are exerting all efforts to resolve the problem,” Monzon said in a statement. The bourse had to suspend trading after 43 brokers were unable to connect to its system, Monzon said earlier in a text message to Bloomberg News. It was not clear when trading would resume.