Commuters walk past the London Stock Exchange in the City of London on August 9, 2017. 
World stock markets and the dollar slid on August 9, 2017 after US President Donald Trump warned of "fire and fury" in retaliation to North Korea's nuclear ambitions, sending traders fleeing to safe-haven investments. / AFP PHOTO / Tolga AKMENTOLGA AKMEN/AFP/Getty Images

The opening of trade on the London Stock Exchange was delayed by an hour on Thursday due to a “technical issue” that prevented the opening auction from taking place.

Trade began at 9am London time, according to data from Reuters.

The auction is a key mechanism for the start of trade on the LSE as it establishes the opening prices for stocks. Some trading in UK listed companies did take place via Cboe Europe, the LSE’s main rival for share trading in London.

An update posted on the exchange’s website at roughly 8:35am London time instructed “all users to log back in.”

A spokesperson did not provide additional information on what caused the failure.

Other European bourses have also faced issues in recent months. Deutsche Börse, the German exchange operator, faced “serious issues” in March that caused a delay in the opening of equities and futures trading. Last month, Euronext had problems publishing major indices, including the French CAC 40.

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