Date
26 September 2017
Broker error sent a jolt through turnover at Huadian Power International. Photo: Bloomberg
Broker error sent a jolt through turnover at Huadian Power International. Photo: Bloomberg

Fat fingers set off Huadian Power surge

Fat fingers strike again. This time Huadian Power International’s (01071.HK) turnover jumped to HK$3.68 billion near closing Monday as a broker put in an accidental bid, the Hong Kong Economic Journal reported Tuesday.

Around 3:49 PM before closing, a broker bought 620,000 shares for HK$5,860 per share, or about 1,340 times the market price at the time, the paper said.

A Hong Kong Exchanges and Clearing Ltd. (00388.HK) spokesman was quoted as saying the transaction will be cancelled Tuesday.

Huadian closed up 0.2 percent at HK$4.38 Monday.

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