Tokyo Inventory Alternate Glitch Brings Buying and selling to a Halt
TOKYO – Stock trading in the world’s third largest economy nearly stalled Thursday morning after a technical glitch shut down the Tokyo Stock Exchange and several other markets across Japan.
The breakdown resulted from a problem in a system that reports market information, the Japan Exchange Group, the company that operates the system, said in a statement on its website.
The company didn’t provide details on the cause and said it didn’t know when the problem would be fixed.
Trading has also ceased on the Nagoya, Sapporo and Fukuoka stock exchanges, the companies said.
Trading on Japan’s second largest exchange in Osaka did not appear to be affected.
Over 3,700 companies are listed in Tokyo alone.
Japan has faced similar problems over the years, with system malfunctions occasionally halting trading for brief periods. The last system-wide shutdown occurred in 2005 when a software upgrade failed and the market closed for half a day.
Makiko Inoue and Hikari Hida contributed to the coverage.