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Blunder On The Stock Market As ASX Halts Trading Twice In One Day

The stock market halted trading early, after a late start on Monday.

19/09/2016 11:22 AM AEST | Updated September 19, 2016 16:31

In a bad case of Monday-itis the Australian Stock Exchange has officially suspended trading for the day, after Monday's trading was filled with technical issues.

After trading was delayed by 90 minutes this morning, the ASX halted trading on its equities market for the second time at around 2.25pm and announced there would be no closing price auction which normally occurs at the end of each trading day.

On Monday afternoon the ASX tweeted that trading on its equities market had been halted, which has been put down to technology problems.

"ASX has put the market in the 'enquire' session state, which halts trading, due to further issues," ASX spokesman Matthew Gibbs told The Huffington Post Australia in a statement.

"We are working to rectify as soon as possible and apologise for the ongoing disruption," Gibbs said.

The ASX had earlier stated the problem had been "rectified".

On Monday morning the market, which usually opens from 10am, was delayed until 11.38am.

The ASX initially didn't give any information as to the reason for the delay, but later added that technology problems were to blame.

"We apologise for this morning's disruption... ASX is continuing to work with its technology vendor to prevent a recurrence," ASX spokesman Matthew Gibbs said earlier in a statement.

The problem began earlier in the morning after all stocks were listed in "enquire" status. The ASX was said to be investigating a problem "with a component that allows it to manage individual stocks."

A 90 minute delay and early mark isn't the end of the world, but it wasn't the best start to the week for the Australian market, even spawning the hashtag #ASXfail.

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