Tokyo Share Crisis


By: Richard Flynn
Level: Advanced
Theme: General
Study Area: General
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Lesson Plan Content:

© 2006

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 ____ a tailspin.

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 computerised 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

responsible ____ 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.

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