Home>News Center>World
         
 

Selling stampede shuts down Tokyo stock
(Reuters)
Updated: 2006-01-18 17:29

A stampede of sell orders forced the shut-down of the world's second-biggest stock exchange on Wednesday as investors fled the Tokyo market, spooked by fall-out from an investigation into Internet company Livedoor.


A man looks at a stock quotation board showing the Nikkei share average in Tokyo January 17, 2006. [Reuters]

The Tokyo Stock Exchange, where shares were down more than 4 percent at one point, suspended trading 20 minutes before the normal closing time after the number of trades threatened to exceed its computer system's capacity of 4.5 million per day.

It the first time that the exchange was forced to halt trading as a result of capacity constraints since it opened its doors in its current incarnation in 1949.

Livedoor, a favorite of small investors, was raided by prosecutors on Monday. The firm is suspected of fudging financial reports and spreading false information to boost its share price.

News of the raid extended a sell-off that has wiped out more than $300 billion in shareholder value -- about equal to the gross domestic product of Sweden -- in just three days.

"The current situation is totally unexpected. My guess is that Livedoor's investigation news spooked individual investors and prompted them to sell broad-based stocks," Tokyo Stock Exchange President Taizo Nishimuro told a news conference.

The exchange has been hit by a series of recent system problems, including a glitch that halted trading for almost a full day late last year.

Wednesday's shut-down dealt another blow to the image of the exchange, which has plans to list its own shares.

"It is an embarrassment for this to happen in the world's second-largest economy and that's the emotional aspect of the debate," said Hideo Ueki, chief investment officer at UBS Global Asset Management Japan.

"But this problem will likely add to the growing negative sentiment in the market. I'm pretty sure the NYSE has only had to shut down for snow or a black-out."

Nishimuro said that the bourse, which had already planned to increase capacity to 5 million shares on January 30, would consider shortening trading hours on Thursday and beyond if necessary.
Page: 12



New Horizons spacecraft to explore Pluto
Earthquake disaster drill in Tokyo
Oil tanker explodes in New York
 
  Today's Top News     Top World News
 

China pledges $10 million for global fight against bird flu

 

   
 

Red-hot China set to cool a touch in 2006

 

   
 

Beijing urges talks on Iran nuclear issue

 

   
 

Supermarket bombers nabbed in Shenzhen

 

   
 

Taiwan 'premier' quits after poll defeat

 

   
 

No death in villager-police clash in Zhongshan

 

   
  Airbus jet orders for 2005 hit record
   
  Iraqi captors threaten death of hostage
   
  Capsule carrying comet particles arrives in Houston
   
  Sharon starts to fade from the front page
   
  Indonesian asylum boat missing off Australia
   
  UK police foil plot to kidnap Blair's son - report
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  Are the Republicans exploiting the memory of 9/11?  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 老司机亚洲精品影院在线观看| 99精品国产在热久久| 欧洲美熟女乱又伦av影片| 先锋影音av资源网| 老司机成人精品视频lsj| 国产成人年无码AV片在线观看| 777奇米视频| 大胸小子bd在线观看| 一边摸一边爽一边叫床免费视频| 日本边添边摸边做边爱边视频| 亚洲伊人久久大香线蕉影院| 激情偷乱人伦小说视频在线| 午夜dj在线观看免费高清在线| 里番本子库全彩acg亚洲| 渣男渣女抹胸渣男渣女app| 国产尤物二区三区在线观看 | 啊公交车坐最后一排被c视频| 黄录像欧美片在线观看| 在线播放亚洲精品| 国产成人无码av在线播放不卡| yy6080新视觉午夜伦被窝| 无码国模国产在线观看| 久久天天躁狠狠躁夜夜网站| 欧洲亚洲国产精华液| 亚洲国产成人久久精品软件| 欧美色视频在线观看| 亚洲综合精品伊人久久| 狼人总合狼人综合| 免费无遮挡无码永久视频| 精品国产丝袜自在线拍国| 另类ts人妖精品影院| 美女范冰冰hdxxxx| 四虎永久在线精品免费影视| 色屁屁一区二区三区视频国产| 国产伦子沙发午休| 跪在校花脚下叼着女主人的鞋| 国产啪精品视频网站丝袜| 高清在线一区二区| 国产午夜精品一区二区| 青青青青啪视频在线观看| 国产又大又长又粗又硬的免费视频 |