Houston we have a problem. Or make that, Australia, we have a problem. The Australian Securities Exchange (ASX), the heart of the whole financial market in Australia suffered some sort of cardiac arrest it seems. I was out in the park with the little ones and was checking the online broker with my smartphone but I didn’t get any price reported back. I thought it might just be a temporary halt in the trading for STO when they have news coming out to the market — which kept me on my toes because it could potentially move the market strongly.
Found that the whole Australian All Ordinaries Index is flat lining too. Then I saw the updagte “The equity market has been halted due to a technical issue with the ASX Trade system this morning. ASX is currently investigating and will seek to resolve the issue as soon as possible. Further updates will be provided as information becomes available.”
Couldn’t do anything but wish that it gets sorted before the market closes at 4pm! My STOJQ7 options are supposed to expire today, and not sure about the effect on those series with this kind of technical problem. I wish they’d extend the life of that option to tomorrow — although nobody can tell what the market reaction will be. hehehe Better check what it says, thought this could be treated like a “holiday” –when nobody cares whatever is happening elsewhere.
