Microsoft outage gums up markets, forces traders to use phones
In Singapore, traders report some banks’ inability to complete financing deals
Microsoft's Outlook, Teams, and Copilot systems experienced a severe disruption on a trading desk, forcing traders to rely on phones and alternative communication channels. The outage, which began hours ago, disrupted markets and delayed corporate disclosures, affecting major exchanges like the ASX, as well as the Japan government's IT platform.
Traders and finance professionals reported difficulties accessing emails, trading platforms, and brokerage reports, with some brokers warning of potential delays in responding to client queries. Microsoft shares dropped 0.4 percent in extended trading after acknowledging the issue and reporting positive results towards resolving it.
The outage has left many professionals frustrated, with some even considering it a "red zone" if it continues for over 24 hours.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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