Tokyo Stock Exchange restart “undecided” as glitch kills trading
It was a rough start to Q3 for traders in Japan, as that country’s largest stock exchange – and a number of smaller ones – failed to open on time and remain closed for the full trading day.
In a series of brief announcements, Japan Exchange Group, the operator of the Tokyo Stock Exchange, stated that a technical glitch occurred in the “distribution of market data” before markets were set to open in the morning.
No reason was given for the supposed glitch. However stock market operators around the world have been on high alert since a cyber attack in late August brought trading to a halt on New Zealand’s NZX for four days in a row.
Later in the morning and into early afternoon trading remained halted. Japan Exchange came out with a brief fourth statement, saying that the TSE decided to halt all listed symbols for the entire today. And, that the restoration time is currently undecided.
Tokyo Stock Exchange is the world’s third largest by market cap at $5.7 trillion, trailing just the NYSE and NASDAQ exchanges in the US.