13 March 2020 – Banned stock short selling

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Financial Services Commission (FSC) announced a ban on stock short selling for six months to curb panic selling, though the duration of the ban is subject to future market conditions.

The ban affects all listed firms on the Korea Composite Stock Price Index.

In tandem with the ban on short selling, the FSC will temporarily raise the ceiling on local companies” repurchasing of shares.
Full details here: https://www.fsc.go.kr/info/ntc_news_view.jsp?bbsid=BBS0030&page=5&sch1=&sword=&r_url=&menu=7210100&no=33742