Tokyo Stock Exchange Trade Resumes After Suspension for Whole Day Due to Technical Glitch
REUTERS / KIM KYUNG-HOONAsia & Pacific03:26 GMT 02.10.2020(updated 03:52 GMT 02.10.2020) Get short URLby Asya Geydarova
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Trade in shares of the largest Japanese companies was halted, with no initial forecasts on the possible timing of the exchange system’s recovery.
The Tokyo Stock Exchange (TSE) has gone back to normal operation after an unprecedented suspension for the entire day, Kyodo News agency reported on Friday.
Due to a technical glitch on early Thursday, the Nikkei index, which reflects the stock prices of 225 of Japan’s leading companies, as well as the Topix index, which shows the stock prices of companies in the prestigious first section, could not correctly reflect the prices of shares.
According to Bloomberg, Japan Exchange Group decided to halt all trading operations for the whole day after consulting traders, who said it would be difficult to deal with clients under these circumstances.
TSE President Koichiro Miyahara said they will work to ensure that similar issues do not occur in the future.
Following the halt, however, stocks went up both on Wall Street and in the Asia-Pacific region, including markets in China and South Korea.