Broker Tinkoff Investments suspended trading in shares of US and Hong Kong companies. The editors of socialbites.ca believe that it is now impossible to buy these securities from a broker.
When trying to purchase securities of American issuers, the company’s terminal shows “temporary suspension of trading.” The same goes for shares of Hong Kong companies.
Before that, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) contributed St. Petersburg Stock Exchange’s sanctions list. After that, its shares fell 20% to 127₽.
At 17:55 in St. Petersburg Stock Exchange issued a statement suspending trading. “As of 18:00 Moscow time on November 2, 2023, applications and repo orders will not be able to be given in all transaction modes, and agreements and repurchase agreements cannot be made based on the specified applications and repo orders whose subject is securities. settlement codes.” “, — reported in a press release from the exchange.
Both companies were included in the most demanding SDN list. Being included in the SDN list essentially means isolation from the dollar system, blocking of assets and a complete ban on cooperation with American companies.
Previously Aven and Friedman reputed It’s your fault.