Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Breaking News

Nasdaq futures jump 2% after Microsoft's strong forecast; Fed decision looms

Japan stocks trade halted due to technical glitch; Nikkei futures rise

Stock MarketsOct 01, 2020 12:21AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
5/5 © Reuters. People pass in front of a stock quotation board after the Tokyo Stock Exchange (TSE) temporarily suspended all trading due to system problems in Tokyo 2/5

TOKYO (Reuters) - Japanese shares remained suspended at midday break on Thursday after the Tokyo Stock Exchange (TSE) earlier halted trading in all stocks citing technical problems.

TSE said it does not know when the issue will be resolved. Bourses in Nagoya, Fukuoka and Sapporo, which use the TSE's system, also suspended trading. The derivative-focused Osaka Exchange is not affected.

A statement from the TSE gave no further details.

Nikkei futures (JNIc1), which trade in Osaka, were last up 0.56%, in line with a rise in U.S. stocks overnight.

The Nikkei (N225) fell 1.5% on Wednesday, its biggest decline in two months, as an acrimonious debate between U.S. President Donald Trump and Democratic challenger Joe Biden increased concerns about an indecisive outcome from the presidential election in November.

"The timing is really just bad," Takashi Hiroki, chief strategist at Monex in Tokyo, said about the trading halt, adding many market participants were hoping to buy back their stocks or increase their holdings following an overnight rise on Wall Street.

"As expected, U.S. stocks were unaffected by the U.S. presidential election, but gained instead on stimulus hopes. And that could have prompted a surge in stocks' buybacks in early Japanese market. But the market was robbed of that chance."

The TSE had been prone to system troubles in the past and was notorious for sluggish trading, but problems have been relatively rare since it expanded its capability with the introduction of a new system in 2010.

The TSE had suspended trading in October 2018 due to problems with its trading system.

In 2006, news of an accounting scandal at the then popular internet firm Livedoor Co sparked a massive sell-off. Unable to handle the rush of orders from panicked investors, the TSE had to curtail trading hours for three months.

Japan stocks trade halted due to technical glitch; Nikkei futures rise
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email