'London Stock Exchange Incident Halts Trading In Many Stocks; UK Bourse Says In Statement It's Investigating An 'Incident'; Asos, Deliveroo And Metro Bank Among The Stocks Affected' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
A system 'incident' has halted trading in hundreds of shares on the London Stock Exchange, affecting several high-profile names such as Asos Plc, Deliveroo Plc, and Metro Bank Holdings Plc. The halt began at about 3:10 p.m. local time.
October 19, 2023 | 3:20 pm
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NEGATIVE IMPACT
The trading halt on the London Stock Exchange, which includes high-profile companies, may impact the iShares MSCI United Kingdom ETF (EWU) due to its exposure to the UK market.
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the UK equity market. A trading halt on the London Stock Exchange, especially involving high-profile companies, could negatively impact the performance of the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The trading halt on the London Stock Exchange may have a minimal impact on the SPDR S&P 500 ETF (SPY) due to its limited exposure to the UK market.
The SPDR S&P 500 ETF (SPY) primarily tracks the performance of the US equity market. Its exposure to the UK market is limited, so a trading halt on the London Stock Exchange is unlikely to have a significant impact on the ETF's performance in the short term.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 30