Market participants expressed some relief that the problem was hardware-related rather than a cyber attack, but cautioned about a potential longer-term impact given the hit to the Tokyo market's reputation. "For now, there's relief that trade was able to resume," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management. Officials from the Tokyo Stock Exchange and Japan Exchange Group Inc, which runs the bourse, apologised for the debacle on Thursday and said the fundamental cause was still unknown. The TSE system's developer, Fujitsu Ltd, also apologised and said any findings would be disclosed through the exchange. Shares in Fujitsu fell more than 3% in early trade, while Japan Exchange Group lost 0.8%, underperforming the main TOPIX index.

Source: bd News24 October 02, 2020 01:18 UTC