Saturday, September 3

Disturbed Hong Kong trading, such as hackers target site

HONG KONG (Reuters) - the Hong Kong stock exchange had to suspend, trading in shares, including HSBC Holdings, after hackers broke into the Exchange Web site on Wednesday, that prevents investors from during the lunch break of company news.

"Our current view, that this has been hacking, by a malicious attack from the outside" the Chief Executive of Hong Kong exchanges & Delete (HKEx) Charles Li told reporters, after the company announced interim results.


In a previously released statement, HKEx had said, it took half a day (a trading session) to announce suspension policy for issuers, during the lunch break price-sensitive information.


Other systems on the stock exchange were unaffected and its securities and derivatives markets operated trade normally, the Exchange said.


The site will remain on Thursday, the Exchange Bulletin Board for the dissemination of information used unstable, but not exposed to the stocks, said Mark Dickens, head of the listing on the HKEx.


Dickens added that suspend the switch to trade part has a contingency plan of the territory approved regulator.


LIS statement comes after Internet security company McAfee said last week that it discovered a five-year long campaign of cyber-attacks on the networks of Governments, organizations and companies.


Other targets were the United Nations, the Association of Southeast Asian Nations, the International Olympic Committee. and an array of companies from the defense contractor for high-tech companies.


HKEx had suspended its own shares after it reported a rise in the second quarter profits by 19.5 percent. Other stocks that have been suspended for the day included Cathay Pacific and Dah Sing financial also reported the intermediate results.


"It was the first time a suspension due to one such technical problem and with so many companies," Alfred said CHAN, Chief dealer of cheer Pearl investments in Hong Kong.


HSBC, comprises 15 percent of Hong Kong benchmark, confirmed the sale of its underperforming U.S. credit card business and retail services unit, capital one financial during the lunch break.


All in all shares to the 18 percent the Hang Seng index weight act not during the afternoon session.


Suspend conversion to hit trading volumes on the stock exchange in the afternoon session as the most liquid names traded include HSBC and HKEx in Hong Kong.


Shares of HSBC last traded by 3.9 per cent, but only 0.1 percent could have compared as 1030 GMT became the trade listed equities gains in the afternoon session in the light of their London.


(Additional reporting by Donny Kwok;) (Editing by Anshuman daga)


Copyright 2011 Thomson Reuters.

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