Investors have been left unsure when trading will resume in the world’s third-largest stock market after the mega glitch. This marks the first time that all share trading at the TSE was suspended for an entire day due to a system glitch. The trading halt frustrated investors who were jockeying to buy back shares after the first US presidential debate, and undermined the exchange’s credibility just as new Prime Minister Yoshihide Suga makes the country’s digitalisation a top priority.

“Stocks were expected to rebound quite strongly today after the presidential debate, so this system problem has poured cold water over that,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

“We still don’t know the cause, and I don’t think it’s a big problem. But it does highlight the importance of going digital.”

Share trading across Japan was suspended as smaller regional bourses in Nagoya, Fukuoka and Sapporo all use the TSE’s system, leaving the derivative-focused Osaka Exchange as the only market still running.

Nikkei futures, which trade in Osaka, rose 0.4 percent on Thursday, in line with a rise in US stocks overnight.

The TSE did not give a reason for the outage, but said it has no evidence of unauthorized access from outside the system. The Nikkei newspaper reported it was due to an unspecified hardware problem.

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1.07pm update: Continued euro strength could hurt growth and slow inflation

A long-lasting appreciation of the euro’s nominal effective exchange rate could hurt the euro zone’s economic recovery and make the task of boosting inflation more difficult for the European Central Bank, the European Commission said in a paper.

The document, seen by Reuters, was prepared on September 16 by the EU executive arm for talks of euro zone finance ministers on Monday. The Commission said the euro appreciated by around 7.5 percent in nominal effective terms (NEER) between February and August.

“A further substantial strengthening of the euro would carry significant downside risks to euro area growth and inflation in a context of a fragile recovery,” the paper said.

11.36am update: The Co-op is to donate £10,000 worth of supplies to students in lockdown because of the virus crisis

The retail giant said it wanted to help the thousands of students having to self-isolate on campuses in areas including Manchester, Liverpool, Leeds, London, Glasgow, Edinburgh, Oxford and Swansea.

Local student unions will be able to pick up basics including rice, pasta, toilet roll, bread and noodles from their local Co-op and distribute them to those students most in need.

Chris Whitfield, chief operating officer of Co-op Food, said: “It’s important we pull together to support our student communities during these difficult times and we want to help ease the current situation by ensuring that students under lockdown are kept well stocked up with groceries and essentials.”

9.15am update: FTSE 100 markets open 

The pound at 9am was 1.2891 dollars compared to 1.2925 dollars at the previous close.

The euro at 9am was 0.9105 pounds compared to 0.9074 pounds at the previous close.

7.11am update: Trump signs stopgap bill to avoid government shutdown

US President Donald Trump signed a stopgap funding bill on Thursday that would keep the federal government open through December 11, the White House said in a statement.

The legislation would maintain current funding levels for most programmes, avoiding a government shutdown in the middle of a pandemic just weeks ahead of the Nov. 3 U.S. presidential election.



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