Last week, the global financial stage witnessed two starkly contrasting approaches to short selling as South Korea and the Philippines charted their courses. South Korea announced a comprehensive ban on short selling activities, effective until June 2024.
(Bloomberg) South Korean stocks surged after regulators reimposed a full ban on short-selling for about eight months, a controversial move that authorities said was needed to stop illegal use of a trading tactic deployed regularly by hedge funds and other investors around the world.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset Rally This Year Takes Wall Street by StormIceland’s Blue