Hong Kong Stock Exchange Attacked By Hackers

Illustration for article titled Hong Kong Stock Exchange Attacked By Hackers

As if stock markets of the world needed any more problems after the recent U.S. credit downgrade and the market catastrophe that followed. Yesterday, trading in seven Hong Kong stocks stopped after the exchange's website was shut down by an attack. Poor poor stock market guys.

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Like most mysterious shut-downs as of late, authorities are scrambling to find out who was behind the attack and why they would want to pause the stock market for a day. Either way, they caused the site to go down and stopped the trading of some of the most valuable stocks on the Hong Kong index, including HSBC, Cathay Pacific, and China Power International. China. We feel your pain, China. [BBC Image: Vincent Yu, AP]

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DISCUSSION

davidwizard
davidwizard

"...and why they would want to pause the stock market for a day."

Since the transnational stock market is responsible for perpetuating the grossly unjust and immoral wealth gap on this planet, the real question is: why doesn't this kind of thing happen every single day?