Tokyo Stock Exchange Halted Trading on Thursday

It was not a typical day for the stocks in Asia-Pacific, markets in China, Hong Kong, South Korea, as well as Taiwan were closed on October 1 for holidays. It is worth noting that, Japan’s Tokyo Stock Exchange (TSE) halted trading on the first day of October.

Based on the information provided by the Japan Exchange, the Tokyo Stock Exchange halted trading for the day due to a hardware glitch. Importantly, the Tokyo Stock Exchange made the decision to replace the hardware. Moreover, the TSE took steps, including other maintenance to ensure normal trading starting from October 2.

Importantly, the Japanese government instructed the Toky Stock Exchange to identify the cause of the technical issue. 

Australia’s S&P/ASX 200 added 0.98% to close at 5’872.90. 

Moreover, Singapore’s Straits Times index gained 1.26% as of about 3:46 p.m. local time.

Let’s have a look at the Nifty 50. Notably, the Nifty 50 in India advanced more than 1%. 

Tokyo Stock Exchange and interesting details

As mentioned above, the Tokyo Stock Exchange halted trading for the day following a hardware glitch. Let’s have a look at the other interesting information as well.

Interestingly, in corporate developments, shares of Singapore telecommunications firm Singtel soared about 1.4% in Thursday afternoon trade. The firm announced that its CEO is set to retire on January 1, 2021. This information had a positive impact on its shares.

It is worth noting that, the headline large manufacturers index in the Bank of Japan’s quarterly tankan business sentiment survey came in at minus 27. This result surpassed expectations, as experts expected minus 23. The local economy suffered losses due to the coronavirus pandemic. Countries around the world are struggling to cope with the economic impact of the coronavirus pandemic. The government of Japan should work with leaders from other countries to boost the global economy.