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Thursday, April 30, 2009|
SSgA Suspends Creation Orders for an ETF
The market movements in Taiwan have led State Street Global Advisors to suspend creation orders submitted today for the SPDR S&P Emerging Asia Pacific ETF, according to an SSgA spokeswoman. Boston-based SSgA continues to accept redemption orders.
The firm expects the ETF to resume operations tomorrow.
On Thursday, the Weighted Price Index of the Taiwan Stock Exchange jumped 378.51 points, or 6.74 percent, the largest percentage increase in 18 years, the Wall Street Journal reported. China Mobile's planned purchase of a stake in Far EasTone Communications fueled the rise.
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