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Shanghai Suspends Trading in 67 ETFs Amid Hong Kong Typhoon

Shanghai Exchange said trading in 67 funds was halted on Thursday at the request of asset managers, as the southbound leg of their Stock Connect schemes was interrupted


Shanghai Stock Exchange suspends trading in 67 ETFs because operations in Hong Kong were interrupted by Typhoon Ma-on.
A man wearing a mask walks by the Shanghai Stock Exchange in the Pudong financial district in Shanghai, China, February 3, 2020. File photo: Aly Song, Reuters.

 

Shanghai Stock Exchange said trading in more than 60 funds was halted on Thursday because a typhoon had interrupted operations at the Hong Kong Stock Exchange.

The SSE said subscription and redemption in 67 exchange-traded funds (ETFs) would be stopped temporarily.

It said the suspension in ETFs, which invest fully or partly in Hong Kong-traded shares, was made at the request of relevant asset managers, the Shanghai bourse said in a statement.

The Hong Kong stock exchange suspended trading on both the securities and derivatives markets on Thursday morning due to Tropical Storm Ma-on. Trading will resume in the afternoon as the alert rating for the typhoon – initially signal 8 – has been lowered.

The ETFs affected include ChinaAME Hang Seng Technology ETF, China Life AMP CSI SH-HK-SZ 300 Index ETF and China Southern Hang Seng Index ETF.

Also on Thursday, Shanghai and Shenzhen stock exchanges said in separate statements that the southbound leg of their Stock Connect schemes with Hong Kong would also be suspended for the session.

The extent of the business and products affected in mainland China due to the Hong Kong trading disruption shows the increasing integration of the two markets.

 

  • Reuters with additional editing by Jim Pollard

 

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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