Rare! London stock index delayed opening for 100 minutes! What happened？

　　CCTV News:At three o’clock this afternoon Beijing time, all the major European stock markets have opened, with German and French stock indexes rebounding, but the London stock index has been in a state of stagnation. It was not until 100 minutes later that the London Stock Exchange announced its opening.

　　What caused the delay in the opening of the London Stock Exchange?

　　technical failure

　　The opening time of the Shanghai Stock Exchange was delayed by 100 minutes.

　　On Friday, local time, the FTSE 100 index in London failed to open when the European stock market opened. The operator of the London Stock Exchange issued a statement on its website saying that the exchange was investigating a potential trading service problem, which caused some stocks to delay opening.

　　After the exchange issued a statement that there were "potential technical problems", the FTSE 100 index and FTSE 250 index started trading from 8: 00 am to 9: 40 am. This has been delayed by 100 minutes from the normal opening time.

　　This is one of the largest exchanges in the world, the longest trading lockout in eight years.

　　Affect hundreds of stocks.

　　Hundreds of stocks were affected by the lockout, including those of Shell, Unilever, HSBC and BHP Billiton, with a total value of $2.8 trillion.

　　After the opening, the FTSE 100 index in Britain immediately followed other European stock index peers, with an increase of 0.8%, regaining yesterday’s lost ground. Yesterday, the FTSE 100 index in Britain hit a six-month low.

　　In fact, this is not the first time that such a big failure has occurred. In June 2018, the exchange delayed its opening for one hour due to software problems. Before that, there was a similar situation. In this case, the exchange is still under investigation, and the outside world is still waiting for more news updates, but the possibility of cyber attacks can be initially ruled out.

　　We can see that the British stock market has been hit by a large number of investors selling shares recently, which led to the FTSE 100 index in the UK falling all the way this week. Since Wednesday, a large amount of funds have poured into the UK bond market, and the yield difference between 2-year and 10-year bonds in the UK has been upside down for the first time in a decade.

　　So in the case that the stock market can’t be traded this morning, it can be seen that investors are more encouraged to turn their attention to the safe-haven national debt market.