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ASX trade frozen due to 'market issues'; Index rises 1.3% at the open

Summary

  • The ASX paused trading at 10.24am AEDT due to a "critical operation impact" that the ASX is investigating 
  • The local benchmark rose by as much as 1.3% at Monday's open to touch 6487.3 points, its highest intraday mark since early March. The banks, miners, and CSL were surging
  • On Wall Street on Friday, the Dow Jones Industrial Average was up 1.4%, the S&P 500 was up 1.4%, and the Nasdaq gained 1%
  • US futures were last up by between 0.6% and 0.9% and point to gains on Wall St tonight 
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Market freeze the latest tech headache for ASX

It's not been smooth sailing of late for market operator ASX.

Monday's as-yet-indentified technical issues have caused trade on the market to be frozen since about 10.20am AEDT. The "critical operation impact" revolves around unnamed "data issues".

The ASX Trade Refresh went live this morning. Migration activities apparently occurred on Saturday.

The ASX said it is investigating the problem and will let customers know 30 minutes before any session state change.

It's the latest technical snag for the market operator, with its brand new website plagued by a number of outages and difficulties since its October 12 launch.

Many investors have voiced their displeasure at the new website in the weeks since, with some calling for old features to be restored.

Here's a quip blog commenter Mitch of the ACT:

"Remember the good old days when new systems were tested thoroughly before being unleashed on the public. Nowadays users are used as the free bug finders."

And one from Jon:

"I love the irony... "ASX: The heart of Australia's financial markets'. Seems the heart has stopped. Someone call 000."

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