Tokyo stocks advance in morning amid caution over US election

Tokyo stocks progressed Wednesday morning, following Wall Street’s benefits for the time being, yet alert stayed over the US election as polling came to a conclusion.

The 225-issue Nikkei Stock Average added 330.90 focuses, or 1.42%, from Monday to 23,626.38. The more extensive Topix record of all First Section issues on the Tokyo Stock Exchange, increased 13.15 focuses, or 0.82 percent, at 1,621.10. Nonferrous metal, mining and iron and steel-linked issues comprised those that gained the most by the morning break.

On October 1, 2020, for the first time in its history, the Tokyo Stock Exchange had to suspend trading in all shares for a whole day due to a technical glitch, causing buying and selling to freeze. This was announced just minutes before 9 a.m., when it was scheduled to open.

The problem was found to be in “the system for relaying market information”, hence making the glitch a network problem, but the Asahi Shimbun reported that the glitch was due to a mechanical failure. Japan Exchange Group Inc., which operates the Tokyo Stock Exchange, said that the suspension will be indefinite until the problem is resolved. Other stock markets in Japan have also suspended trading.

Markets in Japan were shut on Tuesday for a public occasion.

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