Did a hard disk drive failure paralyze Tokyo’s stock market for a day?

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The shutdown of the Tokyo Stock Exchange (TSE) for a whole day last week took the financial world by surprise, not so much because it hit the world’s third biggest equity market by size ($6 trillion) but because of how long it lasted.

A team of journalists at Bloomberg identified the process that sparked the domino effect – one that ultimately caused the catastrophic crash.

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