TOKYO – Shares of the world’s third-largest economy closed trading on Thursday morning after the Tokyo Stock Exchange and several other Japanese markets closed after a technical glitch.
The crash is the result of a problem with a system that reports market information, the company that operates the Japan Exchange Group said in a statement on its website.
The company did not provide details about the cause and said it did not know when the problem would be resolved.
Trading was also halted at exchanges in Nagoya, Sapporo and Fukuoka, the companies said.
In Japan’s second-largest exchange, Osaka, trade was not affected.
There are 3,700 companies listed in Tokyo alone.
Japan has faced similar problems over the years, with the system often shutting down some trade for a short period of time. The last systemwide shutdown was in 2005 when software upgrades failed, shutting down the market for half a day.
Makiko Inoi and Hikari Hida contributed to the report.