South Korea “prohibits” short selling for 3 months
Posted 9 August 2011 - 11:55am by Stephanie Baxter
The South Korean Financial Services Commission has decided to ban short selling just hours after Greece introduced a two-month ban on short sales
The South Korean regulator has introduced a three-month ban on short selling after the Seoul stock index dropped by more than 3% on Tuesday, according to news reports.
The Financial Services Commission (FSC) said that increased short selling sparked market volatility amid recent declines on the stock market, Reuters reported.
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