Tag: halted

30
Sep
2020
Posted in computer

Tokyo stock trading halted for day by computer glitch

Trading in Tokyo’s stock markets, which are among the world’s biggest, was halted for the whole day Thursday after the system was hit by one of its worst ever glitches.

A technical problem involving the delivery of market information was flagged to the operator of the Tokyo Stock Exchange operator and business was stopped less than half an hour before the opening bell.

The decision not to open for the rest of the day was taken around noon, with Japan Exchange Group giving no further details on the cause.

“TSE has decided to halt all listed stocks for all of today. When trade will resume has not yet been decided,” it said in a statement, which added that a decision on whether to resume Friday will be announced later.

The glitch hit the country’s top Nikkei 225 and Topix indexes as well as exchanges in Nagoya, Sapporo and Fukuoka that operate through Tokyo’s system. The Osaka exchange was functioning normally, though, the operator said.

The trading halt closed one of the few major markets that was due to be open in Asia on Thursday, with bourses in Hong Kong, Shanghai, South Korea and Taipei all closed for holidays.

It is the first significant glitch to hit Tokyo since 2018, when a trading system problem left some securities firms unable to execute orders but that only had what was described as a limited effect on overall market activity for the day.

The last time all stock trading was suspended because of a system glitch was on November 1, 2005, when the entire morning session was suspended.

The news raised concerns of a possible cyber attack after the New Zealand Exchange was hit in August, forcing trading halts over several days, though officials said there was no indication so far of foul