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A growing number of fund managers and traders are worried that South Korea’s pandemic-imposed ban on short-selling, the world’s longest-such restriction, has artificially propped up the country’s stock market rally. Korea, whose benchmark surged last year and is up 7.5% in 2021, this week bowed to retail investor pressure and extended the ban, but that could backfire. Indonesia will lift a ban this month, while countries including France, which restricted short-selling early last year, only kept restrictions for a few months. Asian stocks looked set for gains after their U.S. peers...

Article content Online brokerage app Robinhood, which is at the center of a Reddit-fueled rally in a handful of stocks heavily shorted by hedge funds, said on Wednesday it would allow investors to buy fractional shares in GameStop Corp and AMC Entertainment Holdings Inc. The move allows buying parts of shares, often to encourage participation from smaller investors by reducing the size of the amount they have to bet. We apologize, but this video has failed to load. Try refreshing your browser, or Robinhood to allow buying fractional shares of GameStop, AMC Back to video Trading limit on Gam...

"GameStop has gotten a lot of attention," Kashkari said during a virtual town hall event on Monday. "If one group of speculators wants to have a battle of wills with another group of speculators over an individual stock, God bless them."

Selling overwhelms GameStop and other Reddit-favored stocks By Sagarika Jaisinghani, Thyagaraju Adinarayan and Lewis Krauskopf Reuters (Reuters) -GameStop Corp shares halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that has shocked global financial markets appeared to fizzle, at least for now. The videogame retailer's shares, which have seesawed wildly with hedge funds and other investors making or losing billions of dollars, were last down 54% at $101.64. They are now worth less than a quarter of their high of $483 last week. Other so-called meme st...

Reserve Bank not worried about housing bubble, as Australian shares jump to 11-month high Posted TueTuesday 2 updated WedWednesday 3 Shares in GameStop plummeted, along with other so-called meme stocks. ( Print text only Cancel The local share market has closed near its highest level in almost a year, as retail investors dumped GameStop shares and silver, causing their prices to tumble. Key points: Silver prices hit an eight-year high on Tuesday, but have since fallen sharply The UK will pass laws forcing buy-now pay-later companies to conduct affordability checks on their customers The ASX ...