Hackers Disrupt Hong Kong Exchange Trading

0 Posted by - August 10, 2011 - Career & Business, Economics, Science

 Hackers Disrupt Hong Kong Exchange Trading*Taken from Yahoo News Canada.

The Hong Kong stock exchange was forced to suspend trading in stocks including HSBC Holdings after hackers broke into the exchange’s website on Wednesday, preventing investors from accessing company announcements made during the midday break.

“Our current assessment that this is a result of a malicious attack by outside hacking,” the chief executive of Hong Kong Exchanges & Clearing (HKEx) Charles Li told reporters after the company announced interim results.

In a statement released earlier, HKEx said it had adopted a half-day (one trading session) suspension policy for issuers that announce price-sensitive information during the lunch hour.

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