ライブドア波紋で東証取引停止 | 英語のニュース

National News

Livedoor shock brings TSE to a halt

The Tokyo Stock Exchange (TSE) suspended all listed shares at 2:40 p.m. on Jan. 18 for the rest of the day as soaring orders from investors reached its computer system's processing capacity.

This was the first time the bourse has launched such an emergency measure.

The number of stock deals struck during the day's trading reached 4 million as of 2:25 p.m., matching its processing capacity. Trading usually ends at 3 p.m.

The TSE faced massive sell orders following media reports that Livedoor was involved in the falsification of earnings results.

Prosecutors launched raids into the company Jan. 16, alleging a Livedoor firm had spread false corporate buyout information and released inflated earnings results.

At an urgently convened news conference earlier in the day, TSE President Taizo Nishimuro said an increase in orders is "a very unusual situation."

"We will consider shortening stock trading hours, depending on the future situation," he said. (Kyodo)

Shukan ST: Jan. 27, 2006

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National News Livedoor shock brings TSE to a halt The Tokyo Stock Exchange (TSE) suspended all listed shares at 2:40 p.m. on Jan. 18 for the rest of the day as soaring orders from investors reached its computer system's processing capacity. This was the first time the bourse has launched such an emergency measure. The number of stock deals struck during the day's trading reached 4 million as of 2:25 p.m., matching its processing capacity. Trading usually ends at 3 p.m. The TSE faced massive sell orders following media reports that Livedoor was involved in the falsification of earnings results. Prosecutors launched raids into the company Jan. 16, alleging a Livedoor firm had spread false corporate buyout information and released inflated earnings results. At an urgently convened news conference earlier in the day, TSE President Taizo Nishimuro said an increase in orders is "a very unusual situation." "We will consider shortening stock trading hours, depending on the future situation," he said. (Kyodo) Shukan ST: Jan. 27, 2006 (C) All rights reserved