Japan's Stock Market Rocked by $617 BILLION Trading Error
"FAT FINGER "
October 1, 2014
Share orders worth several billions of dollars were cancelled in Japan due to a trading error.
At 9:25 am local time, orders for shares in 42 companies to talling 67.78tn yen ($617bn, £380bn, €488bn) were cancelled, according to data compiled by Bloomberg from the Japan Securities Dealers Association.
The stock orders amount to more than the size of Sweden's economy.
The companies involved in the trading error include Toyota Motor, Honda Motor, Canon, Sony and Nomura Holdings. The biggest order was for Toyota shares at 1.96 billion, representing 57% of the company's outstanding shares, for 12.68tn yen through an off-exchange transaction.
But Japan Economy is very strong .............