A technical glitch has caused the Tokyo Stock Exchange to completely halt trading for an entire day for the first time in its history.
The exchange said Thursday afternoon that the technical problem was due to an issue with hardware. A backup device failed to work, making it impossible to distribute market information. The issue also appeared to affect smaller Japanese stock exchanges in Nagoya, Fukuoka and Sapporo, which share the same trading system as the TSE.
He added that the country's financial regulator has ordered the exchange and its operator, Japan Exchange Group, to investigate the cause of the glitch.When asked about the possibility of a cyberattack, Kato said that he had"not heard about such information as of now."The problems shut down one of the only major exchanges operating in Asia on Thursday. Other countries are celebrating public holidays, including mainland China, Hong Kong and South Korea.
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