Hong Kong Markets Open As Normal

HKEx News Release at 5:00p.m.
12 September 2001
HKEx Chief Executive's Statement

Our securities and derivatives markets opened as normal this morning and trading was orderly throughout the day.

The Hang Seng Index closed down 923.74 points, or 8.87 per cent at 9,493.62, on turnover of $12.17 billion.

The HSI Futures market closed down 889 points, or 8.56 per cent at 9,501. Volume was 24,160 contracts.

There were margin calls in the futures and stock index options markets, according to standard procedures, and all market participants involved met their obligations.

Also, Hongkong Clearing, following its standard procedures, marked to market broker Participants open positions in the stock market at the usual times. Accounts were debited according to standard procedures and all parties involved met their obligations.

There have been no reports of irregularities among our Exchange and Clearing Participants.

We will continue to monitor the markets closely and will continue to take appropriate risk management measures.

Investors are reminded to exercise caution when trading in the markets.

HKEx News Release at 10:30a.m.
12 September 2001
HKEx Markets Trading Orderly

Hong Kong Exchanges and Clearing Limited (HKEx) announced that its securities and derivatives markets opened as normal this morning and trading has been orderly.

There was a futures market margin call, according to standard procedures, at 10:00 a.m.

There was a stock options market margin call, according to standard procedures, at 10:05 a.m.

Hongkong Clearing, according to standard procedures, will mark to market broker Participants open positions in the stock market at 11:00 a.m. and 4:00 p.m.

HKEx will continue to monitor the markets closely and will continue to take appropriate risk management measures.

Investors are reminded that trading in the seven Nasdaq stocks traded under the Pilot Programme and the two iShares, iShares MSCI South Korea Index Fund and iShares MSCI Taiwan Index Fund, has been suspended until further notice.

Investors are also reminded to exercise caution when trading in the markets.

HKEx News Release at 8:30a.m.
12 September 2001
Hong Kong Markets Open As Normal

Hong Kong Exchanges and Clearing Limited (HKEx) announced that its securities and derivatives markets will open as normal this morning. Trading in the seven Nasdaq stocks traded under the Pilot Programme and the two iShares, iShares MSCI South Korea Index Fund and iShares MSCI Taiwan Index Fund, has been suspended until further notice.

HKEx will monitor the markets closely as higher market volatility is expected and will take appropriate risk management measures.

Investors are reminded to exercise caution when trading in the markets.