- The Tokyo Stock Exchange froze trading for an entire day on Thursday after experiencing its worst outage in history.
- A “hardware failure” caused the system to collapse, TSE said. “The switchover from the failed device to the backup device did not work properly, and as a result, market information could not be distributed.”
- Even if the problem was solved, the exchange chose to halt trading for the entire day in order to avoid confusion for market participants.
- The exchange is the third-largest in the world with a market capitalization of nearly $6 trillion.
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The Tokyo Stock Exchange completely halted trading for the first time in its history after a hardware error caused a system collapse.
The shutdown, which coincided with a slew of critical economic data releases scheduled for Thursday, affected over 2,500 stocks on