03-14-2020, 06:42 PM
** 13-Mar-2020 World View: South Korea bans short selling
South Korea on Friday announced a temporary ban on stock short selling
for six months.
South Korea's benchmark stock index, the KOSPI, dipped to a near
five-year low Thursday after tumbling 3.87%.
On Thursday, stock short selling reached a yearly high of 1.09
trillion won ($893 million).
The KOSPI again closed sharply lower Friday at 1,771.44, down 3.4%
from the previous session's close, but recovered from a more than 8%
plunge earlier in the day.
The Bank of Korea said it will take "active steps" to help
stabilize the local stock market and foreign exchange market.
-- S. Korea temporarily bans stock short selling for 6 months
http://www.koreaherald.com/view.php?ud=20200313000701
(Yonhap, 13-Mar-2020)
South Korea on Friday announced a temporary ban on stock short selling
for six months.
South Korea's benchmark stock index, the KOSPI, dipped to a near
five-year low Thursday after tumbling 3.87%.
On Thursday, stock short selling reached a yearly high of 1.09
trillion won ($893 million).
The KOSPI again closed sharply lower Friday at 1,771.44, down 3.4%
from the previous session's close, but recovered from a more than 8%
plunge earlier in the day.
The Bank of Korea said it will take "active steps" to help
stabilize the local stock market and foreign exchange market.
-- S. Korea temporarily bans stock short selling for 6 months
http://www.koreaherald.com/view.php?ud=20200313000701
(Yonhap, 13-Mar-2020)