Bloomberg: China's shares were roiled on Friday by a trading error at Everbright Securities Co

Tom McKay
Tom McKay Livewire

Bloomberg: China's shares were roiled on Friday by a trading error at Everbright Securities Co. that spurred a 53 percent surge in volumes and a swing of more than 6 percent in the Shanghai Composite Index. The gauge jumped from a loss of as much as 1 percent to a gain of 5.6 percent in two minutes during the morning session, then ended the day with a 0.6 percent drop. Everbright blamed a flawed arbitrage trading system and said it used its own funds and liquidated some securities holdings to ensure clearing.

equities China

Comments

Please sign in to comment on this wire.