S. Korea's 6-month ban on short selling starts Monday in bid to soothe market amid COVID-19 woes

Описание: 16일부터 6개월간 모든 종목 공매도 금지

Starting today, a six-month-long ban on stock short selling comes into force in South Korea.
Through September 15th, short selling on the benchmark KOSPI and the secondary KOSDAQ will be prohibited as the economic blowback from the coronavirus pandemic widens.
The Financial Services Commission said last week that the decision is the strongest step it's taken to address equity market volatilities and to stem herd-like behavior.
However, the commission's chair also said the duration of the ban may be altered depending on future conditions.
Short selling is when a trader borrows a company's shares to sell them in expectation the price will fall.,… allowing investors to profit from the decline when they repurchase the shares.
The temporary ban on short selling is the third of its kind in South Korea.

#selling #Stock #coronavirus

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