China’s market is the world’s only major one that has not slipped into bear-market territory amid the Covid-19 pandemic. Photo: Reuters
Shanghai Stock Exchange restores pricing of CSI 300 Index after glitch caused by system upgrade led to wild swings
- A weekend upgrade of the ‘cross-market index-calculation’ system caused erroneous pricing of the CSI 300 Index and at least two other equity gauges, the Shanghai Stock Exchange said
- The incident came at a time when investors are counting on Chinese stocks as a shelter from the global turmoil caused by Covid-19
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China’s market is the world’s only major one that has not slipped into bear-market territory amid the Covid-19 pandemic. Photo: Reuters