FTSE 100 LIVE: CHAOS as Tokyo Stock Exchange suspends trade after WORST EVER system glitch

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Investors have been left unsure when trading will resume in the world’s third-largest stock market after the mega glitch. This marks the first time that all share trading at the TSE was suspended for an entire day due to a system glitch. The trading halt frustrated investors who were jockeying to buy back shares after the first US presidential debate, and undermined the exchange’s credibility just as new Prime Minister Yoshihide Suga makes the country’s digitalisation a top priority.

“Stocks were expected to rebound quite strongly today after the presidential debate, so this system problem has poured cold water over that,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

“We still don’t know the cause, and I don’t think it’s a big problem. But it does highlight the importance of going digital.”

Share trading across Japan was suspended as smaller regional bourses in Nagoya, Fukuoka and Sapporo all use the TSE’s system, leaving the derivative-focused Osaka Exchange as the only market still running.

Nikkei futures, which trade in Osaka, rose 0.4 percent on Thursday, in line with a rise in US stocks overnight.

The TSE did not give a reason for the outage, but said it has no evidence of unauthorized access from outside the system. The Nikkei newspaper reported it was due to an unspecified hardware problem.

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