SHANGHAI : The Shanghai Stock Exchange said subscription and redemption in 67 exchange-traded funds would be halted on Thursday due to a trading suspension in Hong Kong triggered by a typhoon.
The business suspension in the ETFs, which invest fully or partly in Hong Kong-traded shares, was made at the request of relevant asset managers, the Shanghai bourse said in a statement. The Hong Kong stock exchange delayed the start of trading on both the securities and derivatives markets on Thursday morning due to Tropical Storm Ma-on.
The ETFs affected include ChinaAME Hang Seng Technology ETF, China Life AMP CSI SH-HK-SZ 300 Index ETF and China Southern Hang Seng Index ETF. In a separate statement, the Shanghai Stock Exchange said that the southbound leg of its Stock Connect scheme with Hong Kong would also be suspended for the Thursday session.
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