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Technology Stocks : Intel Corporation (INTC)
INTC 48.72+3.0%3:59 PM EST

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To: The Duke of URL© who wrote (183118)1/18/2006 3:10:47 AM
From: Amy J  Read Replies (1) of 186894
 
Selling stampede shuts down TSE

news.yahoo.com

TOKYO (Reuters) - A stampede of sell orders forced the shut-down of the world's second-biggest stock exchange on Wednesday as investors fled the Tokyo market, spooked by fall-out from an investigation into Internet company Livedoor

The Tokyo Stock Exchange, where shares were down more than 4 percent at one point, suspended trading 20 minutes before the normal closing time after the number of trades threatened to exceed its computer system's capacity of 4.5 million per day.

It (was) the first time that the exchange was forced to halt trading as a result of capacity constraints since it opened its doors in its current incarnation in 1949

The investigation has scared off individual investors, who were a major factor in the Nikkei's 40 percent rise last year.

Individual investors now account for about 40 percent of all trades on the Tokyo
. . .

Livedoor, a favorite of small investors, was raided by prosecutors on Monday. The firm is suspected of fudging financial reports and spreading false information to boost its share price . . . Horie, 33, ran unsuccessfully for parliament's lower house as a ruling party candidate last September and Koizumi's right-hand man on economic reforms
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