March 13, 2020 / 7:47 AM / a month ago

S.Korea bans short-selling of shares listed on Kospi, Kosdaq for six mths

SEOUL, March 13 (Reuters) - South Korea’s financial regulator will ban for six months from March 16 any short-selling in listed shares on the main indexes Kospi and Kosdaq, it said on Friday.

The clampdown on potentially speculative trading comes as Seoul’s benchmark plunged 13.2% this week, in its worst drop since Oct 2008. (Reporting by Cynthia Kim; Editing by Clarence Fernandez)

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