SEOUL: South Korea’s monetary authorities mentioned on Sunday a ban on all short-selling will likely be re-imposed within the native inventory market beginning on Monday to assist create a “stage enjoying area” for each retail traders and institutional and international traders.
The ban reinstates curbs that had been lifted in Could 2021 on large-cap shares which might be included within the KOSPI200 and KOSDAQ150 indices.
The brand new restriction will go into impact on Monday, South Korea’s Monetary Providers Fee (FSC) mentioned in an announcement on Sunday.
“The measure is geared toward essentially easing ‘the tilted enjoying area’ between institutional and retail traders,” FSC Chairman Kim Joo-hyun advised a information briefing.
The ban reinstates curbs that had been lifted in Could 2021 on large-cap shares which might be included within the KOSPI200 and KOSDAQ150 indices.
The brand new restriction will go into impact on Monday, South Korea’s Monetary Providers Fee (FSC) mentioned in an announcement on Sunday.
“The measure is geared toward essentially easing ‘the tilted enjoying area’ between institutional and retail traders,” FSC Chairman Kim Joo-hyun advised a information briefing.
