TSE suspends trading
TOKYO – The Tokyo Stock Exchange (TSE) suspended trading on January 18, to head off a potential overload of its clearing system's capacity, TSE officials say.
Legal action against Japanese media giant Livedoor led to an avalanche of sell orders, and fears that the TSE's system for processing clearing data would be overloaded.
On the day, TSE chairman and chief executive Taizo Nishimuro explained in an official statement that the possibility of the number of orders and executions overloading the system led the TSE to temporarily suspend "trading of all equity, convertible bond and exchange bond issues during the afternoon session" from 2.40pm (Japan
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