SUMMARY
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The Philippine Stock Exchange (PSE) on Tuesday, August 25 halted trading for 5 hours due to a technical glitch, the longest stoppage in the PSE’s history. Trading was stopped from 10:02 am to 2:55 pm. PSE President and CEO Hans Sicat however said that the stoppage had nothing to do with the global fall of stock prices. He added that a computer glitch that caused some terminals to receive information slower than other made it necessary for the PSE to halt trading. Despite the glitch, the Philippine peso gained 20.5 centavos against the US dollar on Tuesday, as currencies in the region bounced back together with major stock markets after Monday’s blood bath.
Read the full story on Rappler.
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