China’s Market Marred by Glitches as Frenzy Grips Stocks
- Trading delays remain for some in afternoon session: traders
- Similar scenario seen during 2015 rally, says Camel Asset
China’s long-awaited stimulus measures may have been too much for the markets to handle.
With shares soaring and turnover reaching 710 billion yuan ($101 billion) in the first hour of trading on Friday, Shanghai’s stock exchange was marred by glitches in processing orders and delays, according to messages from brokerages seen by Bloomberg News. The Shanghai Stock Exchange is investigating reasons for delays, it said in a statement.