Australian exchange's naming error sparks share selldown


A NAMING mixup prompted Australia's main stock exchange operator to incorrectly tag one of the country's top internet providers in an unrelated company's takeover announcement, triggering a share selloff and a demand for an explanation.

The mistake builds on a perception that ASX Ltd is accident-prone following a delay-plagued software upgrade that was scrapped after five years and a series of technical glitches which halted share trading, in one case for nearly a day.

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ASX , Australia , equity , TPG Telecom , Infomedia

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