Japanese Stock Market Thrown Into Chaos by Broker's Typing Error
The Japanese government has ordered an inquiry after stock market trading in a newly-listed company was thrown into chaos by a broker's typing error.
Shares in J-Com fell to below their issue price after the broker at Mizuho Securities tried to sell 610,000 shares at 1 yen (0.47 pence; 0.8 cents) each.
They had meant to sell one share for 610,000 yen (£2,893; $5,065).
Prime Minister Junichiro Koizumi said he did not want to see similar errors and called for new safety measures.
posted by Fergie @ 12/09/2005 04:42:00 PM
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