ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Markets

Tokyo Stock Exchange under fire for poor communication after crash

Bourse confirms Friday restart to trading following first full-day shutdown

Tokyo Stock Exchange officials apologize for system problems at a news conference in 2012. (Photo by Daiki Katagiri)

TOKYO -- The Tokyo Stock Exchange was the target of criticism Thursday for failing to disclose information and leaving retail investors in the dark after a system failure caused the bourse to shut down an entire day of trading for the first time.

The exchange first detected a hardware malfunction just after 7 a.m., and contacted brokerages at 8:01 a.m. to ask them to refrain from sending orders. But an overall trading halt was not announced to the broader public until about 8:39 a.m., and even then the news appeared only on the TSE website.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more