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Technical glitch halts trading on Japan's exchanges | Technical glitch halts trading on Japan's exchanges |
(about 5 hours later) | |
A technical problem forced a full-day trading halt on Japan's stock exchanges, including the popular Nikkei 225 index on Thursday. | |
The shutdown happened when a backup system failed to kick in after a hardware malfunction, according to the Japan Exchange Group. | |
It was quick to point out the halt wasn't connected to cyber-attackers. | |
Trading was suspended at the main Tokyo stock exchange along with connected bourses in Nagoya, Fukuoka and Sapporo. | |
Japan Exchange Group apologised for the one-day shutdown and said it aimed to resume trading as normal on Friday. | |
Tokyo's roughly $6tn (£4.6tn) stock market is the world's third largest, after New York and Shanghai, according to data from the World Federation of Exchanges. | Tokyo's roughly $6tn (£4.6tn) stock market is the world's third largest, after New York and Shanghai, according to data from the World Federation of Exchanges. |
The trading halt closed one of Asia's few major regional markets on Thursday, with exchanges in Hong Kong, Shanghai, South Korea and Taipei all closed for holidays. | The trading halt closed one of Asia's few major regional markets on Thursday, with exchanges in Hong Kong, Shanghai, South Korea and Taipei all closed for holidays. |
The suspension soured the mood of some investors, who were expecting the market to rebound after an acrimonious US presidential debate pushed the Nikkei 225 1.5% lower on Wednesday. | The suspension soured the mood of some investors, who were expecting the market to rebound after an acrimonious US presidential debate pushed the Nikkei 225 1.5% lower on Wednesday. |
The trading halt was the exchange's first significant glitch since 2018, when a trading system problem left some securities firms unable to make orders. | The trading halt was the exchange's first significant glitch since 2018, when a trading system problem left some securities firms unable to make orders. |
The Nikkei 225 index includes the shares of many of Japan's biggest companies including Honda, Nissan, Hitachi and Canon. | The Nikkei 225 index includes the shares of many of Japan's biggest companies including Honda, Nissan, Hitachi and Canon. |
Cyber-attacks | Cyber-attacks |
Many stock markets have been hit with temporary glitches in the past. | Many stock markets have been hit with temporary glitches in the past. |
In August, the New Zealand Exchange was hit by cyber-attacks that forced it to halt trading over the course of one week. | In August, the New Zealand Exchange was hit by cyber-attacks that forced it to halt trading over the course of one week. |
Over the past decade, the tech-heavy Nasdaq, the New York Stock Exchange, the London Stock Exchange, the Singapore stock exchange and Bombay's Sensex have all faced technical glitches that have delayed trading. | Over the past decade, the tech-heavy Nasdaq, the New York Stock Exchange, the London Stock Exchange, the Singapore stock exchange and Bombay's Sensex have all faced technical glitches that have delayed trading. |
In 2017, a temporary market error saw the share price of several major tech firms wrongly listed at the same price on the Nasdaq. | In 2017, a temporary market error saw the share price of several major tech firms wrongly listed at the same price on the Nasdaq. |