Apa ih symbol nya Nikkei di yahoo ??
Sorry pertanyaan bodo banget
A3k
From:
saham@yahoogroups.com [mailto:[EMAIL PROTECTED] On Behalf Of jsx-consultant
Sent: Wednesday, January 18, 2006
3:17 PM
To: obrolan-bandar@yahoogroups.com;
saham@yahoogroups.com
Subject: {Spam} [saham] Tokyo Stock
Exchange Halts Trade on Order Overload (Update6)
Tokyo Stock Exchange Halts
Trade on Order Overload (Update6)
Jan. 18 (Bloomberg) -- The Tokyo Stock Exchange
halted trading for just
the second time in its 56-year history after a
surge in orders
overloaded computer systems.
Trading on the world's second-largest exchange
stopped at 2:40 p.m. in
Tokyo, 20 minutes before the regular close. The bourse, which
replaced
its president last month after two computer
breakdowns, said it may
shorten trading hours tomorrow.
``It's very shameful,'' said Makoto Haga, who
helps oversee $1.8 billion
of Japanese securities as a fund manager at STB
Asset Management Co.
``Where has high-tech-Japan gone?''
The trading halt undermined confidence in a market
already roiled by
allegations Internet company Livedoor Co. violated
securities laws.
Japan's Nikkei 225 Stock Average tumbled 2.9 percent to
15,341.18,
extending a rout this week that wiped more than
$300 billion off the
nation's market value.
The exchange halted trading after processing 4
million orders, the
maximum it can handle. It earlier asked brokerages
to combine orders
from different clients to reduce the number of
transactions.
``I'm speechless,'' said Yuuki Sakurai, a general
manager at Fukoku
Mutual Life Insurance Co., which manages about $4
billion in assets.
``What can you say when you can't trust a
company's statements or the
exchange's trading system.''
Tokyo prosecutors raided Livedoor two days ago on allegations an
online
advertising affiliate tried to manipulate its
stock price. Livedoor,
founded by 33-year-old Takafumi Horie, bought 20
companies since 2000
and last year made a hostile bid for a unit of
Fuji Television Network
Inc., Japan's largest broadcaster.
Softbank, Yahoo
Internet-related shares including Softbank Corp.
and Yahoo Japan Corp.
fell for a second day. The Yomiuri newspaper said
today that Livedoor
also falsified earnings to show a profit instead
of a loss in the year
ended September 2004.
Technology shares including Tokyo Electron Ltd.
and Toshiba Corp.
dropped after earnings from Intel Corp. and Yahoo!
Inc. fell short of
estimates and heightened expectations profits in
the industry will
disappoint.
The exchange halted all trading for the first time
on Nov. 1 because of
an error triggered by a systems upgrade. Takuo
Tsurushima resigned as
president last month after glitches scuttled a
planned initial public
share sale this year.
The exchange said the breakdown in November was
caused by a systems
upgrade it conducted in October and that it may
bring forward the timing
of another overhaul planned for February.
A malfunction at the exchange on Dec. 8 prevented
Mizuho Securities Co.
from canceling a trading error in J-Com Co.,
causing the brokerage unit
of Japan's
second-largest bank about 40.5 billion yen ($350 million) of
losses.
Japan's financial services regulator ordered the exchange to
submit a
report by Jan. 31 on changes planned to improve
its systems and prevent
future breakdowns.
My opinion of the Tokyo Exchange is ``very
negative,'' said Koichi
Ogawa, who helps oversee $28 billion of funds at
Daiwa SB Investments
Ltd. in Tokyo.
``This type of thing doesn't seem to happen in New York
or even in other parts of Asia.''
To contact the reporter on this story:
Michael Tsang in Tokyo at [EMAIL PROTECTED];
Tomomi Sekioka in Tokyo at [EMAIL PROTECTED]
Last Updated: January 18, 2006 02:04 EST
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