Kosdaq Index News Today

(Bloomberg) -- South Korea’s benchmark stock index fell, as a jump on Monday triggered by the nation’s sudden ban on short-selling run its course. Most Read from BloombergTrump Testimony Called a ‘Broken Record’ by Judge: Trial UpdateIsrael Latest: Netanyahu Sees a Role in Gaza Security After WarWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtWall Street Faces ‘Reality Check’ After Big Rally: Markets WrapTrump Shouts at Judge and Lawyers in Wi...

(Bloomberg) -- South Korean stocks surged after regulators reimposed a full ban on short-selling for about eight months, a controversial move that authorities said was needed to stop illegal use of a trading tactic deployed regularly by hedge funds and other investors around the world.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland...

The nearly eight-month ban may help appease retail investors who have complained about the impact of shorting — the selling of borrowed shares by institutional investors — ahead of elections in April, several market watchers said.

This move aims to curb the illicit use of short selling, a trading strategy frequently utilised by hedge funds and global investors.

The regulator said the market had been disrupted due to “massive” naked short-selling by global investment banks. Read more at straitstimes.com.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

South Korean stocks surged after regulators reimposed a full ban on short-selling for about eight months, a controversial move that authorities said was needed to stop illegal use of a trading tactic.

South Korea has announced a temporary ban on stock short-selling until June 2024, with the aim of giving regulators the

South Korea Extends Short-Selling Ban to Boost Market Confidence - Clayton County Register

(Bloomberg) -- South Korea will prohibit stock short-selling until June 2024 to allow regulators to “actively” improve rules and systems, the Financial Services Commission said. Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue Lagoon on Alert for Magma Flows After EarthquakesIsrael’s Fight With Ira...