New Zealand Stock Exchange Halts Most Trading Until Tuesday

(Bloomberg) — New Zealand stock exchange operator NZX halted all trading and said most platforms won’t resume until Tuesday’s open after traders experienced connectivity issues.

“Following today’s network connectivity issue and consultation with cash market trading participants, NZX has determined not to reopen the cash markets for trading today,” the company said Monday afternoon in Wellington. “The cash markets will open to a normal trading timetable tomorrow.”

NZX halted trading on its main board and debt markets at about 4:10 p.m. local time today — 50 minutes before the scheduled close — citing connectivity issues. It said its vendor has identified the root cause of the problem but didn’t give any further details.

NZX’s derivatives market was also shut but may reopen later Monday.

(Updates with re-opening planned for Tuesday)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.