(ETH) – What is the deal with all the major outages this week? In a week of power outages and failures from phone services, the internet, and the emergency system, Another hardware failure has just reportedly caused the Tokyo Stock Exchange to completely halt trading for an entire day for the first time in its recorded history.
The event took place on Thursday morning where the exchange stated that the technical problem was due to an issue with the hardware resulting in a backup device failing to work, making it impossible to distribute market information. This failure issue also affected smaller Japanese stock exchanges in Nagoya, Fukuoka, and Sapporo as well, which share the same trading system as the TSE.
The stock market is worth about $6 trillion and is the world’s largest after the United States and mainland China, according to statistics compiled by the World Federation of Exchanges therefore a disruption like this was significant. The exchange stated that it “sincerely apologizes for any inconvenience caused to investors and the people related to the stock market.” and is reporting that is replacing the hardware “to ensure normal trading” from Friday onward.
