System outage hits London stock exchange

According to the London Stock Exchange (LSEG), there was an outage on LSEG's news and data platform, affecting user access worldwide.


Global technical disruption to airlines, banks and healthcare systems hit the London Stock Exchange.

The London Stock Exchange has been disrupted globally by a technical glitch affecting its market news service, delaying the start of trading today.

“We are currently experiencing a global third-party technical issue which is preventing the delivery of news,” the LSE said in a statement.

TRADING CONTINUES

“Technical teams are working to restore the service. Other services across the group, including the London Stock Exchange, continue to operate normally.”

While the London stock exchange opened late, the FTSE 100 index, the benchmark index of the stock exchange, started the day with a 0.66 percent drop.

European stock exchanges also followed a downward trend due to the technological glitch.

Eurozone indices opened normally and the Frankfurt DAX 30 index also fell 0.6 percent.

SHARES OF THOSE COMPANIES FELL

On the other hand, shares of the companies responsible for the system outages fell sharply in pre-market trading in the US.

Shares of cyber security firm CrowdStrike fell sharply today. The company's shares fell 14 percent in pre-market trading in the US.

Microsoft, which reported problems affecting Azure cloud services and the Microsoft 365 application suite, lost 2 percent in pre-market trading.