New Zealand stock trading halted for a third day after cyber attacks

New Zealand's NZX was forced to impose another trading halt on Aug 27, citing connectivity issues, following similar outages the two previous days that it attributed to cyber attacks from abroad. — AFP Relaxnews

New Zealand’s stock exchange is under scrutiny to prove its resilience after cyber attacks halted trading for a third straight day, frustrating investors as companies report earnings and the market nears a record high.

Exchange operator NZX was forced to impose another trading halt on Aug 27, citing connectivity issues, following similar outages the two previous days that it attributed to cyber attacks from abroad. The disruptions come at the worst possible time, with companies such as national carrier Air New Zealand reporting their first annual results since the outbreak of the coronavirus pandemic.