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Cape Town - The New York Stock Exchange has suspended trading in all stocks due to a reported glitch, according to reports.
Sky News reported that disruption began at about 11:30am local time, "but did not appear to affect other stock markets such as the Nasdaq".
In a statement the NYSE said: "We're currently experiencing a technical issue that we're working to resolve as quickly as possible. We will be providing further updates as soon as we can, and are doing our utmost to produce a swift resolution, communicate thoroughly and transparently, and ensure a timely and orderly market re-open."
SEE BELOW FOR NYSE TWEETS
In a statement, a Nasdaq spokesperson said: “Nasdaq systems are operating normally and are trading all symbols including Tape A (NYSE) securities.”
US stocks tumbled in early trade on Wednesday as another big drop in the Chinese equity markets amplified concerns about the world's second-biggest economy.
About 35 minutes into trade, the Dow Jones Industrial Average was at 17 564.26, down 212.65 points.
The broad-based S&P 500 dropped 1.19% to 2 056.67, while the tech-rich Nasdaq Composite Index plunged 1.39% to 4 928.12.
The benchmark Shanghai Composite Index closed down 5.90% with a Chinese securities official decrying "panic and irrational" selling. Chinese stocks have dropped more than 30% since mid-June.
(1 of 2) We’re experiencing a technical issue that we’re working to resolve as quickly as possible.
— NYSE (@NYSE) July 8, 2015(2 of 2) We're doing our utmost to produce a swift resolution & will be providing further updates as soon as we can.
— NYSE (@NYSE) July 8, 2015
