Business with 67 ETFs traded in Shanghai was disrupted by the typhoon in Hong Kong

A man wearing a mask walks past the Shanghai Stock Exchange building in Pudong financial district in Shanghai, China, 3 February 2020. REUTERS/Aly Song/File Photo

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SHANGHAI, Aug 25 (Reuters) – The Shanghai Stock Exchange said subscriptions and redemptions of 67 exchange-traded funds (ETFs) were suspended on Thursday due to a typhoon-triggered trading suspension in Hong Kong.

The suspension of ETFs, which invest in whole or in part in stocks traded in Hong Kong, was at the request of the relevant asset managers, the Shanghai Stock Exchange said in a statement.

The Hong Kong Stock Exchange suspended trading in both the securities and derivatives markets on Thursday morning due to Tropical Storm Ma-on. Trading will resume in the afternoon as the Typhoon 8 signal has been lowered.

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The affected ETFs include ChinaAME Hang Seng Technology ETF (513180.SS), China Life AMP CSI SH-HK-SZ 300 Index ETF (517300.SS) and China Southern Hang Seng Index ETF (513600.SS).

Also on Thursday, the Shanghai and Shenzhen Stock Exchanges said in separate statements that the southern leg of their Stock Connect programs with Hong Kong would also be suspended for the session.

The extent of businesses and products affected in mainland China due to the Hong Kong trade freeze shows the increasing integration of the two markets.

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Reporting by Samuel Shen and Brenda Goh; Adaptation by Richard Pullin

Our standards: The Thomson Reuters Trust Policy.

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