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. Last Updated: 07/27/2016

Singapore Tests Y2K




SINGAPORE -- Singapore stock traders will be at work on Jan. 1, buying and selling mock shares to check for possible computer glitches ahead of the real market opening two days later, dealers said Monday.


There are worldwide fears that computer systems from stock markets to airplanes will go awry on Jan. 1, 2000, as many computer chips recognize years by the last two digits and may be confused by two zeros.


"It's just to make sure everything is OK before Jan. 3,'' dealer William Pang, of G.K. Goh Stockbrokers, said.


"We were told to 'trade' as if it's another trading day.''


The stock trading exercise will start at 9 a.m. Singapore time and last about an hour, Pang said. Afterward, traders will report to technical staff on how the systems performed.