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eZ430 cannot press buttons while debugging

Hello, I've just started playing around with eZ430 Chronos. I loaded a default "Sports Watch" project to Code Composer Studio (v5.5) and compiled it successfully. When I start a debug process, everything seems to be correct, the code is loaded to eZ430 and debugger halts at first instruction, that is "init_application()".

When I resume the code, eZ430 displays a start screen with some letters and numbers and... that's all. It doesn't react to buttons at all, but sometimes it changes the display to a home screen with time and date. When I pause the process, it seems to be stucked here:

// Wait for button press
    _BIS_SR(LPM3_bits + GIE); <--- Stucked here
    __no_operation();

If I unplug the watch from the emulator and run it on a battery, everything is fine. But how am I suppose to debug the unplugged device :P?

What am I doing wrong?

Details:

Hardware: eZ430 Chronos 433 MHz, white PCB
Software: Code Composer Studio v5.5, evaluate license