news

on the morning of september 27, the three major a-share stock indexes continued to rise, and more than 5,000 stocks opened in the red. just now, the growth rate of the chinext index expanded to 8.11%, the largest intraday increase since september 16, 2015. under hot market conditions, the shanghai stock exchange trading system experienced abnormal delays.

on september 27, the shanghai stock exchange jinqiao data center responded to red star capital bureau saying,the specific cause of the abnormality is not yet known, and it is "currently being repaired."

on september 27, the shanghai stock exchange issued an announcement regarding abnormal stock bidding transactions:

the exchange is concerned that after the market opened today, there was an abnormal slowness in transaction confirmation in the exchange’s stock bidding transactions. our firm has paid attention to the relevant situation as soon as possible and is investigating the relevant reasons.

according to reports, a senior market analyst pointed out that this may be caused by order congestion. in history, similar trading abnormalities have occurred on other exchanges. the specific manifestation is that order returns are delayed, and traders are unclear about the status of submitted orders for a long time. traders continued to withdraw and re-place orders, causing traffic from brokers to exchanges to surge rapidly and create a backlog. investors need not worry, though. after the system is cleared, the exchange will issue an announcement and all matching transactions during the period will be processed normally.

at present, transactions on the shanghai stock exchange have gradually returned to normal, with the shanghai stock exchange index rising 1.33% to 3,040.75 points, and the transaction volume exceeded 300 billion yuan.

source: red star news reporter yu yao and song yuebai combined with shanghai stock exchange, southern + client