Tokyo Share Crisis - Answer Sheet

Level: Advanced

Topic: General

Grammar Topic: General

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Type: Lesson Plans

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Lesson Plan Text

 

© 2006 UsingEnglish.com 

Tokyo Share Crisis 

 

Fill in the gaps with prepositions 

 

The Tokyo stock market was forced to shut down 

for

 the first time 

in

 57 years today after 

fraud allegations that surround pioneering internet portal firm Livedoor panicked many 

investors and sent shares 

into

 a tailspin.  

Just twenty minutes 

before

 the stock market was scheduled to close, the Tokyo Stock 

Exchange said it could not accept any new orders 

for

 listed shares or bonds as a surge in 

sell orders threatened to crash their computerized trading system.  

Japanese stocks plunged 

into

 free-fall as this scandal surrounding the Livedoor group 

made investors panic 

for

 a second day. 

The decision to shut the stock exchange, and to only open it 

for

 a limited time on 

Thursday – was yet another grim blow to investor confidence, as the TSE has been 

responsible 

for

 two days of system-related chaos in the past few months. 

Brokers reported making vain attempts to explain the situation 

to

 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 

at

 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 

down

 by more than 700 points before 

staging a modest rally later.