FOCUS: Glitch-caused trading halt threatens market trust in Tokyo bourse

An all-day trading halt on the Tokyo bourse has shaken confidence in a market dominated by foreign investors just as Prime Minister Yoshihide Suga aims to make Japan Asia’s financial hub.The technical glitch may frustrate Japan’s efforts to boost its appeal at a time when China’s tightening grip on Hong Kong is sparking international concerns about the territory’s status as an Asian financial center.”If doubts are raised about the stability and safety (of the stock exchange), this will also damage its trustworthiness as an international financial base,” said Hiroshi Watanabe, a senior economis…

Read More

HEDGE accordingly