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Article: Glitch paralyzes TSE for half-day, all trading halted for 1st time.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- November 1, 2005
CopyrightCOPYRIGHT 2005 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nov. 1--TOKYO -- A system glitch paralyzed the Tokyo Stock Exchange for three hours Tuesday, forcing the bourse to suspend all stock trading for the first time in its 58-year history.
The glitch could hurt investor trust in the world's second-biggest equity market at a time when it is enjoying active transactions on optimism over the outlook for the Japanese economy, analysts say.
The unprecedented scale of the lack of trading on Japan's stock market prompted comments of frustration from various quarters, including Prime Minister Junichiro Koizumi who told reporters, "I want them to handle the market properly."
The Financial Services Agency ...