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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
Updated on

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.