State media said Chinese regulators today also ordered Everbright Securities to stop trading on its own account.
Everbright was blamed for wild swings in stock prices on August 23. Regulators said a design flaw in Everbright's computerised trading system caused it to submit a multibillion-dollar avalanche of mistaken orders. That caused prices of some stocks to surge by the maximum allowed daily limit of 10 per cent before falling back.
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