tyb
Japan resumes stock trading after all-day system crash
(flat now-cap#2)
The Tokyo Stock Exchange reopened trading on Friday, bringing some relief to market participants who were unable to execute trades on Thursday due to a system outage that halted all activity.
Trading began at 9 a.m. as normal and without limits, based on Wednesday's close as starting prices. The TSE replaced its equipment that caused the system failure and confirmed that the trading system worked without problems. The equity benchmark Nikkei Stock Average opened up 109 points, or 0.5%. The index managed to climb by 180 points but lost momentum to trade slightly above Wednesday's closing price. The spurt comes on the back of U.S. stock gains. While a sense of relief spread in the market once trading activity resumed, "many investors are still uneasy and are choosing to wait and see instead of actively trade," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management. "Detailed reasons for the outage remain unclear. Fujitsu and the TSE will have to continue investigating and be transparent to the public to restore the market's trust," he added.
Trading resumed for about 3,700 listed stocks as well as exchange-traded funds and real estate investment trusts. Local exchanges such as the Nagoya Stock Exchange, Fukuoka Stock Exchange and Sapporo Securities Exchange, who use the same system as the TSE, also reopened on Friday. Shares in Fujitsu opened higher, rising by 1% at one point, but quickly lost momentum and is down more than 3% in early trade. The information technology services company developed the TSE's "arrowhead" trading system. The company has apologized for its hardware failure. Japan Exchange Group also rose higher but quickly slipped into negative territory; it was down more than 1%. The trading halt likely wiped out 3 trillion yen ($28 billion) in buying and selling opportunities, but the TSE said it is not considering asking Fujitsu for compensation. The bourse's shutdown on Thursday was caused by "a hardware failure" in a part of the arrowhead trading system. Switching to a backup device also failed, making it impossible for market information to be distributed.
TSE President and CEO Koichi Miyahara apologized for the outage at a news conference on Thursday, saying "I am sorry to have caused such an event in a time where the government is working on the concept of [turning Japan into] a global financial hub."
https://asia.nikkei.com/Business/Markets/Japan-resumes-stock-trading-after-all-day-system-crash
https://www.marketwatch.com/tools/marketsummary?region=asia
wait until it habbens here…
coming soon methinks
Same flowery language too
ty for that anon saved
obviously they were not here when all told not to early on.
Gates Foundation N194WM GLEX from Dulles Int'l to Providence, R.I.-T.F. Greene Airport and landed about 3 hours ago
o7