South Korea from today will reimpose a ban on short-selling shares at least until June to promote a "level playing field" for retail and institutional investors. The news came as the Philippines ended a nearly three-decade wait, allowing traders to finally short-sell stocks. Short-selling involves selling borrowed shares to buy back at a lower price and pocket the difference. "The measure is aimed at fundamentally easing 'the tilted playing field' between institutional and retail investors," Financial Services Commission chairman Kim Joo-hyun said. Naked short-selling - in which an investor short-sells shares without first borrowing them or determining they can be borrowed - is banned in South Korea.

Source: The Standard November 06, 2023 07:10 UTC