Tokyo Share Crisis - Answer Sheet
Lesson Plan Text
© 2006 UsingEnglish.com
Tokyo Share Crisis
Fill in the gaps with prepositions
The Tokyo stock market was forced to shut down
the first time
57 years today after
fraud allegations that surround pioneering internet portal firm Livedoor panicked many
investors and sent shares
Just twenty minutes
the stock market was scheduled to close, the Tokyo Stock
Exchange said it could not accept any new orders
listed shares or bonds as a surge in
sell orders threatened to crash their computerized trading system.
Japanese stocks plunged
free-fall as this scandal surrounding the Livedoor group
made investors panic
a second day.
The decision to shut the stock exchange, and to only open it
a limited time on
Thursday – was yet another grim blow to investor confidence, as the TSE has been
two days of system-related chaos in the past few months.
Brokers reported making vain attempts to explain the situation
clients as "nothing
more than a three-day panic". Many decried the move as the panic of "gamblers who
thought they had the grit play
a high-stakes table, but would actually be better-off
playing the slot machines."
In one of the worst trading days for years the ‘Livedoor Shock’ sent the Nikkei 225 Index
into a nosedive throughout the morning, crashing
by more than 700 points before
staging a modest rally later.