Home » Technical glitch halts buying and selling on Japan’s exchanges

Technical glitch halts buying and selling on Japan’s exchanges

by newsking24

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A technical drawback has pressured a full-day halt to buying and selling on Japan’s inventory exchanges, together with the favored Nikkei 225 index.

A Japan Exchange Group assertion gave no particulars in regards to the nature of the glitch and did not point out when buying and selling would resume once more.

Stock exchanges in Tokyo, Nagoya, Fukuoka and Sapporo all suffered suspended buying and selling on Thursday.

The shutdown follows cyber-attacks on New Zealand’s inventory trade in August.

“Trading in all shares on the Tokyo Stock Exchange is suspended due to glitches linked to the delivery of market information,” Japan Exchange Group stated in an announcement.

Tokyo’s roughly $6tn (£4.6tn) inventory market is the world’s third largest, after New York and Shanghai, based on information from the World Federation of Exchanges

The drawback was the trade’s first vital glitch since 2018, when a buying and selling system drawback left some securities corporations unable to make orders.

The Nikkei 225 index contains the shares of lots of Japan’s greatest corporations together with Honda, Nissan, Hitachi and Canon.

Cyber-attacks

Many inventory markets have been hit with short-term glitches prior to now.

The New Zealand Exchange was hit in August by cyber-attacks that pressured it to halt buying and selling over the course of 1 week.

Over the previous decade, the tech-heavy Nasdaq, the New York Stock Exchange, the London Stock Exchange, the Singapore inventory trade and Bombay’s Sensex have all confronted technical glitches which have delayed buying and selling.

In 2017, a short lived market error noticed the share worth of a number of main tech corporations wrongly listed on the identical worth on the Nasdaq.

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