FSC bans short selling to curb losses - News Summed Up

FSC bans short selling to curb losses


Photo: CNATech heavyweights Taiwan Semiconductor Manufacturing Co (台積電) and Largan Precision Co (大立光) fell 3.69 percent and 9.72 percent respectively. Short selling is when investors borrow securities, typically from brokerages, and then sell them, expecting the price will fall, to make a profit by buying them back later for less money. “A short-selling ban can prevent speculators from betting against financial stocks, but it may also create more fear among ordinary investors. Short selling for the 1,233 stocks would be banned today, Chang said, adding that the number of stocks subject to the new measure would vary daily. The FSC did not say how long the short-selling ban would last, saying that it would review the ban based on the COVID-19 pandemic situation.


Source: Taipei Times March 19, 2020 15:56 UTC



Loading...
Loading...
  

Loading...