Surprise A-Share Surge Followed Everbright Trading Error

(Beijing) – Everbright Securities suspended trading of its shares on Friday afternoon to investigate transaction mistakes which are widely viewed as the cause of a dramatic rally on the A-share market in the morning. 

Roughly at 11:05 a.m., the Shanghai stock exchange's benchmark index surged to 2198.85 points, led by soaring share prices of large financial institutions including banks, securities firms and insurance companies.