Tokyo Stock Exchange suspends all trading due to system failure … “Hard to predict resumption”

Enter 2020.10.01 11:52 | Revision 2020.10.01 14:01

A system failure occurred on the first day on the Tokyo Stock Exchange under the Japan Exchange Group (JPX), and all listed shares were stopped trading.

According to the Japanese public broadcaster NHK, etc., there was a problem in the system that distributes the market price information before the opening of the stock market at 9 am on the day, and the trading of all actions from the beginning of the negotiation. The Nagoya Stock Exchange, the Fukuoka Stock Exchange and the Sapporo Stock Exchange, which use the same system as the Tokyo Stock Exchange, were also immediately delisted due to this effect.

Due to the suspension of trading, the Nikkei Stock Average (225 rates) and the Tokyo Stock Stock Index (TOPIX), the main indices of the Tokyo stock market, have not been calculated normally.

The Tokyo Stock Exchange said: “We are in a hurry to recover,” but said it is difficult to come up with a target for the exact time of resumption of trading. The Japan Financial Services Agency is confirming the cause of the system problem and the prospect of resuming trading on the Tokyo Stock Exchange.

Japanese Minister Kato Katsunobu said at a press conference that day, when asked about the suspension of stock trading on the Tokyo Stock Exchange: “I think it is very regrettable that the trading opportunities on the stock exchange , which is an important infrastructure of the market, are also limited for investors. ” Minister Kato stressed that it is “regrettable” and stressed the importance of recovering and responding promptly to prevent this from happening again.

The Osaka Stock Exchange under JPX, which uses a different system from the Tokyo Stock Exchange, is trading futures as stock indices. The Osaka Stock Exchange focuses on futures trading. The Tokyo Commodity Exchange also trades crude oil futures.

The Tokyo Stock Exchange, one of the world’s leading stock exchanges with about 3,700 shares listed, has been delisted due to a system failure. The Kyodo news agency reported that in 2005, trading was suspended for approximately three hours on the Tokyo Stock Exchange.

The Tokyo Stock Exchange is an exchange that is side by side with New York and London, and in terms of market capitalization, it is the third largest in the world after the two exchanges in the United States. On the 30th of last month, 1.442 billion shares were traded, worth 2.9 trillion yen (about 32 trillion won).