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Glitch Delays Singapore Trading

May 22, 2001

SINGAPORE (AP) _ Share trading on the Singapore Exchange, or SGX, was delayed 45 minutes Tuesday because of computer problems, an exchange spokesman said.

Normal trading began at 9:45 a.m. Singapore time, an SGX spokesman said, speaking on condition of anonymity.

Pre-market trading, where brokers key in their orders ahead of the market opening, began at 9:35 a.m. Singapore time, the spokesman said.

The glitch caused a temporary breakdown of the trading terminals that brokers use, he said, adding that the cause of the problem was under investigation.

By 11:30 a.m. Singapore time the benchmark Straits Times Index was up 8.33 points, or 0.5 percent, to 1,675.02.

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