According to foreign media reports, the New York Stock Exchange has announced the revocation of all "erroneous" trades by Buffett's Berkshire Hathaway between 9:50 and 9:51 Eastern Time (21:50 to 21:51 Beijing Time) on June 3, with prices lower than or equal to $603718.30 per share. Previously, Berkshire Hathaway's stock price fell from $620000 per share to $185.1 per share, a sharp drop of 99.97%, and approximately 50 shares were traded.
According to reports, the Securities Market Association (CTA) responsible for disseminating real-time trading data on stock exchanges has stated that this situation may be related to new software released by its data center, and the error has been fixed.
On the evening of June 3rd Beijing time, a technical malfunction occurred in the US stock market less than half an hour after opening. On the market, several stocks were suspended due to significant fluctuations. For example, the stock price of Berkshire A, a subsidiary of renowned American investor Warren Buffett, showed a drop of 99.97%. In addition, stocks such as Bank of Montreal and Barrick Gold experienced a decline of over 98%, and the market remained stagnant.