World’s Longest Short-Selling Ban Coming to an End in Korea
Bloomberg 2 hrs ago Youkyung Lee
(Bloomberg) Starting next week, investors in South Korea will be able to short sell the nation’s biggest stocks as Seoul ends the world’s longest pandemic-imposed ban on the trading strategy. That’s much to the dismay of retail traders, who now dominate the local market.
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On May 3, Korea is set to partially lift the ban it imposed in March last year on the key hedge fund strategy. When it does, individual traders who have come to take up about three quarters of the market’s daily trading volumes amid the pandemic will find a once-insurmountable trading strategy a lot easier to carry out, thanks in part to an increased number of brokerages queuing up to lend them shares.
World s Longest Short-Selling Ban Coming to an End in Korea
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Efficacy of punishment for naked short-selling measures remains questionable
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IMC, Natixis unnerve Korean retail investors
Posted : 2021-03-03 15:33
Fears grow over possible recurrence of Citadel case
By Park Jae-hyuk
IMC and Natixis are facing a severe backlash from retail investors here over their latest attempts to enter the Korean securities market which is waiting for the lifting of the short selling ban in May.
Individual domestic investors have expressed serious concerns over the recent inflow of foreign securities firms into Korea, alleging they will intensify confusion in the local capital market and the side effects of stock short selling.
According to the Financial Services Commission (FSC), Wednesday, Natixis applied for a preliminary approval, Feb. 24, to open its Seoul branch and broker investments in securities and over-the-counter derivatives here.