Microsoft Outage Hands Fax Machines a Comeback

Source Beincrypto

A global Microsoft outage has pushed parts of Japan’s financial sector back to an old tool. Market participants switched to fax after Outlook email, used to confirm trade details, stopped working.

The disruption began on Thursday and hit Microsoft 365 business apps such as Teams, SharePoint and Copilot worldwide, along with Outlook. In the US, Downdetector logged up to 130,000 Outlook reports at the peak.

How the Microsoft Outage Hit Japan’s Finance Sector

Nikkei reported that the outage disrupted Japan’s financial market. A source on a domestic asset manager’s trading desk said one broker had asked it to stop placing orders. That broker relies on Microsoft’s email system.

In addition, investment trusts delayed publishing their net asset values. The government’s shared IT system, overseen by the Digital Agency, also went down, Deputy Chief Cabinet Secretary Masanao Ozaki confirmed.

The root cause remains unclear. Microsoft says servers failed automated health checks, while a core process that sets up secure connections became overwhelmed.

Servers that came back online often failed again once traffic returned, the company adds. Its Japanese unit said it had found no facts pointing to a cyberattack.

Japan was not alone. In Australia, some workers also turned to fax machines, ABC reported. RSM Australia partner Ashwin Pal estimated the cost to local businesses in the billions of Australian dollars.

The Microsoft outage follows a string of failures at central tech providers. In September, a separate outage took down ChatGPT, Claude and Grok. For crypto, the pattern also revives the debate about Web3’s centralization problem.

Wall Street Takes the Disruption in Stride

Japan still has a domestic fax industry. Brother, Canon and Ricoh continue to sell fax machines and printers with fax features. Even so, fax is no longer a core business for any of them.

Meanwhile, Microsoft shares closed slightly higher on Thursday despite the outage, then slipped in overnight trading. The stock was already under pressure after Microsoft overtook Nvidia in market value earlier this week.

MSFT stock price chart during the Microsoft outageMicrosoft (MSFT) Stock Price. Source: TradingView

Still, a Microsoft outage of this scale shows how fragile financial plumbing can be. A single point of failure can freeze key systems, as a cooling failure at a CME data center showed last year.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
China's factories are pricing in 5.7%. Its shoppers are pricing in 0.7%.China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
Author  Irene Q.
Nov 10, Tue
China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
Author  Mitrade
Nov 11, Wed
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
placeholder
Bitcoin lost its 200-day average — but the exit started three sessions before the CPIBitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.
Author  Suzie
Nov 11, Wed
Bitcoin fell 2.5% to about $73,400 on 11 November, an 11-week low, breaking its 200-day moving average near $73,100. The 24-hour liquidation tally reached $632 to $705 million, roughly 82% of it longs. But spot ETF outflows began three sessions earlier and USDT's market cap has shrunk $6.6 billion in 60 days — the leveraged length left before the inflation print did. A double top at 81,890 and 81,080 leaves a measured target of 69,366.
placeholder
Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
Author  TradingKey
Yesterday 02: 00
On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
placeholder
Gold closed below $4,000 again — the ETF crowd and central banks stayed, the momentum money leftSpot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.
Author  Irene Q.
Yesterday 03: 20
Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.
goTop
quote