Australia stock exchange resumes trading after biggest outage in a decade

The country's benchmark stock index gained as much as 0.4 per cent by 2330 GMT and was at its highest since Mar 3. PHOTO: REUTERS

BENGALURU (REUTERS) - Trading on the Australian Securities Exchange resumed on Tuesday (Nov 17) following a software glitch that had forced the stock exchange on Monday to halt minutes after opening, in the biggest outage in a decade.

The country's benchmark stock index gained as much as 0.4 per cent by 2330 GMT and was at its highest since March 3, the same level it touched before trading came to a halt on Monday.

Bourse operator ASX had cited Monday's outage, which disrupted trading for the entire day, to an issue that affected trading of multiple securities in a single order and led to inaccurate market data.

The issue arose after ASX's new equity market trading platform went live, despite more than a year of testing by customers, third parties, the ASX and its technology provider Nasdaq.

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