Wednesday, January 18, 2006
Tokyo Stock Market shuts down prematurely for the first time in history
Livedoor probe: Tokyo bourse closes early for first time ever
Jan 18 1:20 AM US/Eastern
The Tokyo Stock Exchange closed early for the first time ever to prevent a feared system crash due to heavy trading volumes sparked by claims of fraud at Internet firm Livedoor.
The exchange operator suspended trading in all shares for the rest of the day at 14:20 (05:20 GMT), 20 minutes ahead of the scheduled close.
The Nikkei-225 benchmark index was down 464.77 points or 2.94 percent at 15,341.18 points shortly after trading was halted.
Livedoor's offices were raided late Monday for suspected illegal securities trading and other wrong-doings and Japanese newspapers carried fresh allegations Wednesday that the Internet firm cooked the books to hide losses.
taken from: http://www.breitbart.com/news/2006/01/18/060118055930.a8rk28hb.html
Jan 18 1:20 AM US/Eastern
The Tokyo Stock Exchange closed early for the first time ever to prevent a feared system crash due to heavy trading volumes sparked by claims of fraud at Internet firm Livedoor.
The exchange operator suspended trading in all shares for the rest of the day at 14:20 (05:20 GMT), 20 minutes ahead of the scheduled close.
The Nikkei-225 benchmark index was down 464.77 points or 2.94 percent at 15,341.18 points shortly after trading was halted.
Livedoor's offices were raided late Monday for suspected illegal securities trading and other wrong-doings and Japanese newspapers carried fresh allegations Wednesday that the Internet firm cooked the books to hide losses.
taken from: http://www.breitbart.com/news/2006/01/18/060118055930.a8rk28hb.html
