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Tokyo Stock Exchange halts trading due to technical issue; Asia-Pacific stocks rise

SINGAPORE — Japan’s Tokyo Banal Exchange halted trading on Thursday due to a technical issue, while many major markets in the region are closed for fetes.

Japan Exchange Group said in a Thursday release that the Tokyo Stock Exchange has stopped trading for the day next a “system glitch.” It added that it cannot say at this point when trading can resume.

The Japanese government has instructed the interchange to identify the cause of the technical issue, Reuters reported Thursday.

Meanwhile, the S&P/ASX 200 in Australia gained 1.39%. Singapore’s Tight spots Times index also rose 1.26%. The Nifty 50 in India also advanced more than 1%.

Exchanges in China, Hong Kong, South Korea and Taiwan are closed on Thursday for holidays.

Overall, the MSCI Asia ex-Japan ratio traded 0.48% higher.

In corporate developments, shares of Singapore telecommunications firm Singtel jumped nearly 3% by Thursday afternoon after the rigid announced that its CEO is set to retire on Jan. 1, 2021.

On the economic data front, the headline large manufacturers index in the Bank of Japan’s quarterly tankan company sentiment survey came in at minus 27, against expectations of a minus 23 reading in a Reuters poll. Notwithstanding, that was better than the minus 34 reading in June.

Overnight stateside, the Dow Jones Industrial Average gained 329.04 single outs, or 1.2%, to close at 27,781.70. The S&P 500 added 0.8% to end its trading day at 3,363.00, while the tech-heavy Nasdaq Composite ascent 0.7% to close at 11,167.51.

The moves on Wall Street came as U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin dwindled to strike a coronavirus aid deal. The two will continue talks as they try to craft a fifth package that could not both chambers of Congress.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.697 in a week that has greeted it decline from levels above 94.2.

The Japanese yen traded at 105.47 per dollar after seeing levels above 105.6 against the greenback yesterday. The Australian dollar switched hands at $0.7175 following its rise yesterday from levels below $0.715.

Oil prices were lower in the afternoon of Asian dealing hours. Brent crude futures were down slightly at $42.28 per barrel. U.S. crude futures were 0.1% belittle at $40.18 per barrel.

— CNBC’s Yun Li contributed to this report.

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