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Investing.com -- The Warsaw Stock Exchange in Poland announced on Monday that it had temporarily halted trading on all markets for an hour, from 1315 GMT to 1415 GMT, citing "security of trading" as the reason for the suspension.
Prior to the suspension, the exchange's blue-chip WIG20 index had seen a decrease of 2%, following a plunge of up to 7% earlier on Monday. The halt in trading came approximately 15 minutes before the commencement of the U.S. trading session.
The exchange stated that trading would recommence at 1430 GMT and confirmed that the trading session would not be extended due to the temporary halt.
The Warsaw Stock Exchange press office explained the rationale behind the decision, stating, "The reasoning is very simple: simply due to trading safety. We see what's happening in the world, we saw what happened on Friday." They further elaborated that the market opening on Monday was marked by significant negatives, which later stabilized. However, due to concerns over trading safety, the session chairman decided to implement the suspension.
The WIG20 index had previously closed 4.1% lower on April 3 and fell a further 6.4% on April 4.
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