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$617 Billion in Japan Stock Orders Scrapped After Error
Stock orders amounting to more than the size of Sweden’s economy were canceled in Japan today, with an industry regulator saying it received a report about a trading error. At 9:25 a.m. Tokyo time, orders for shares in 42 companies totaling 67.78 trillion yen ($617 billion) were canceled, according to data compiled by Bloomberg from the Japan Securities Dealers Association. JSDA received an error report from a member and is still confirming details of the matter, according to an official who asked not to be named as he isn’t authorized to discuss individual cases. The biggest order was for 1.96 billion shares of ... (full story)
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