New Zealand stock trading halted for 3rd day


Double jeopardy: A health worker conducts a test at a Covid-19 coronavirus testing centre in Auckland. The country’s stock exchange is battling to restore services after cyber attacks while still fighting the pandemic. — AFP

WELLINGTON: New Zealand’s stock exchange is battling to restore services after cyber attacks shuttered the market for a third straight day, frustrating investors who were unable to trade amid a busy company earnings season.

The NZ$204bil (US$135bil) market, which is nearing a record high, was unable to reopen yesterday after the exchange’s website was again hit with a distributed-denial-of-service attack that floods a network with Internet traffic and disrupts services. Officials have declined to speculate on the source of the attack, other than saying it’s coming from offshore.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

NZ , stock exchange , cyber attacks

   

Next In Business News

Uzma gets integrated well continuity services contract from PETRONAS
Dayang Enterprise secures two contracts from PETRONAS Carigali
VSTECS optimistic about 4Q, expects strong FY24 finish
Johor Plantations to continue driving operational efficiency
Bumi Armada is said to weigh buying MISC Offshore energy assets
FBM KLCI edges higher amid regional downtrend; plantation stocks lead decliners
BNP lays off a dozen China dealmakers amid fee plunge
Oil pares losses on tight supply but cloudy demand caps gains
Thailand's currency, stocks rally on economic, earnings momentum; Asia FX mixed
Global EV sales up 35% in October, Europe ekes out a gain

Others Also Read