The Tokyo Stock Exchange is currently halted – as it is experiencing the biggest glitch in over a decade. Buying and selling of shares are being frozen with no indication when will the system be restored. No cause were given for the disruption – other than ‘it’s related to the distribution of market information’.
This would definitely impact investors’ reaction and confidence. The Nikkei futures are down. The UJ pair was seen to move up to 105.50 as markets in Japan opened today.
In August, a cyber-attack in New Zealand halted trading for over four days.
Hopefully it won't take this long for Japan especially since other major markets in the region such as Hong Kong, South Korea and Taiwan are closed until Oct 9 for the Golden Week holiday period.
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